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Commodity price boom to continue

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Added on: Sep 21st, 2007

New Delhi,Sept.21, 2007 : In a report released by a Uk-based Economist Intelligence Unit, Grains and oilseeds will lead the surge this year, with an average price rise of 16 per cent and 29 per cent respectively. The report also points out that in 2008, grains and oilseeds markets will further rise by another 5 per cent. The rising demand from ethanol and bio-diesel industries are also pushing up the demand for crops including maize, soybeans and palm oil.
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