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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1127 |
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For example bio-fuels production has pushed up corn and soybean prices, as well as the price of vegetable oils used in packaged foods. These factors, among many others, have contributed to the rise in inflation. Also, the demand for agricultural products in other fast-growing countries such as China and India has exacerbated the supply as well...
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(Graph 2) Recent year trends show that during these market panics, prices would continue to rise so high that developing countries were not able to afford the commodities, thus creating a sort of price peak. But because these countries are developing so quickly, the United States is now in competition for these goods, which can very well result in a shortage of agricultural goods for both the consumer and supplier...
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