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hemanthaa@mail.com

Wheat price up as oil price down: have the crude oil investors found a substitute - temporarily?

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

wheat-price-oil-price.gif.6beb5a6efe963f5b63c4cc9c2a3e3dd2.gif

The price of wheat has clearly gone up in the absence of a food scarcity. Being true to the old cliche, one man's loss is another man's gain, some speculate the crude oil investors have found a temporary substitute in the face of global uncertainty, coupled with rising Covid-19 infections both in India Japan - the world's thrid and fourth biggest importers of crude oil.

More on that is here:

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