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World wheat output to fall in 2016-17 for first time in four years
date:Jan 25, 2016
marginal decline in consumption is expected, the IGC said.

Some contraction is possible in end-2016-17 stocks, but inventories could still be the second highest ever.

Strong competition

The comments would appear to undermine hopes of a revival for now in wheat prices, which are determined largely by assessments of inventories, with ample stocks meaning that buyers do not have to compete hard and pay up to secure supplies.

Wheat prices, as measured by an IGC index, fell by 3% last month to ta

12/19 05:46