Commodity price boom to continue
New
Delhi,
Sept
21,
2007:
In
a
report
released
by
a
Uk-based
Economist
Intelligence
Unit,
Grains
and
oilseeds
will
lead
the
surge
this
year,
with
an
average
price
rise
of
16
per
cent
and
29
per
cent
respectively.
The report also points out that in 2008, grains and oilseeds markets will further rise by another 5 per cent. The rising demand from ethanol and bio-diesel industries are also pushing up the demand for crops including maize, soybeans and palm oil.
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Story first published: Friday, September 21, 2007, 15:28 [IST]