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Apr 27, 2016 @ 23:47

Prices of farm products seen to fall further

Global prices of agricultural commodities are expected to fall even lower than previously expected amid projections of good harvest and low cost of energy, according to the World Bank.

The World Bank, however, said in its latest Commodity Markets Outlook report that the forecast price for crude oil was raised to $41 a barrel from $37 as the excess in supply started to recede.

The bank said most commodity price indices rebounded in February-March from their January lows on improved market sentiment and a weakening dollar.



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