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MARKET TALK: Trade To Be Hot Topic For Commodities In '09

Published: 21 Dec 2008 19:08:36 PST

1404 EST [Dow Jones] - Trade-related issues are likely to be important for commodities in the coming year says Rabobank commodity analyst Michael Whitehead. The ongoing Doha round of talks are an area to watch, and he expects action from the WTO on cotton, corn, sugar and ethanol, with many of those disputes driven in part by Brazil. The gloomy economic situation may also force importers to change their tactics in the coming year. For instance, Whitehead says he thinks tariff increases by commodity importers are likely. Also, he expects that importers will try to tie up long-term food deals, particularly with countries besides the U.S. (ANP)


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