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Commodity prices may decline ‘Sharply’

Posted on 21 October 2008

From Bloomberg: National Australia Bank Ltd., the nation’s biggest by assets, said commodity prices may decline “sharply” amid expectations global economic conditions will continue to deteriorate.

“Global commodity prices are already falling and their elevated starting levels shows the potential for them to fall sharply and still be high by historical standards,” the Melbourne-based company said today in a statement. The bank, the largest lender to Australian farmers, today reported full-year profit dropped 11 percent….. Full Article: Source


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