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World grain demand drives higher prices and stock drop
U N Food and Agriculture Organization and International Wheat Council warn that record world grain production coexists with soaring demand and depleted stocks. Higher prices affect bread meat and cookies, with developing countries hit hardest. The Soviet Union's heavy wheat purchases and uncertain harvests add to the squeeze. Policymakers consider export restraints and substitutions to balance stocks.
MENTIONED IN THIS ARTICLE
International Wheat Council
U.N. Food and Agriculture Organization
Organization
Wheat Council
Council
Soviet Union
U.N. Food Organization
London
Sovi