Monday, February 25, 2008

Wheat prices in biggest one-day rise

Wheat prices in biggest one-day rise
By Javier Blas in London and Isabel Gorst in Moscow
Published: February 25 2008 20:18 | Last updated: February 25 2008 20:18

Prices of top-quality wheat jumped 25 per cent to a record high on Monday in their largest one-day increase as Kazakhstan, one of the largest grain exporters, said it would impose export tariffs to curb sales.

The move, which follows similar export restrictions in Russia and Argentina, is likely to put further pressure on already tight global wheat supplies, analysts said. ...

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