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Commodities Briefing - Categorized | Agriculture, Commodity Crisis, Market Pulse, Price Watch more

Latin America gets squeezed by dive in commodity prices

Posted on 11 February 2009

From WSJ: Gustavo Grobocopatel is called “the Soybean King” here because he oversees a farming empire the size of Luxembourg. Nowadays, that distinction brings more grief than glory.

Soybean prices have plunged about 40% since last July amid a global commodities crash. For Argentine growers, the pain has been especially acute. Leftist President Cristina Kirchner, who once disparaged soybeans as “practically a weed,” taxes them heavily and maintains a heavy hand in the economy….. Full Article: Source


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