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(From Lloyds List)
Byline: Namrata Nadkarni
GRAIN markets showed increased flexibility last month with unexpected activity emerging as a result of grain demand exceeding supply.
The market saw prices climbing higher and higher and, in certain cases, the imposition of special measures to facilitate imports of either feed or food grain.
Wheat saw a sharp rise in prices, with specific refer-ence to the European Union domestic market, which experienced extremely tight feed grain supplies. Milling wheat premiums were virtually eliminated due to escalating demand.
An International Grains Council report said: 'In the EU wheat prices …