The Ukrainian government has warned that wheat growers might not be able to meet quotas for international contracts, sparking speculation over the prices of corn, a frequent substitute. KIEV, UKRAINE - The shortage has been blamed on dry weather in Southern Ukraine during the months of June and July, right before the start of harvesting season. Officials were quick to explain that inventory from the previous year would help fill the gaps between the 4 million tons needed for export commitments, the 12.5 million tons consumed by the domestic market, and the 15 tons harvested in 2012. That failed to persuade…Read More...
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