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Grain figure slashed

This article was originally published in The Public Ledger

FRENCH analyst Strategie Grains has cut its estimate of the EU's 2007 grain output for the fifth month in a row, citing the impact of heavy rains on yields in western Europe. The firm's estimate now stands at 257m tonnes, compared with a previous figure of 270.7m tonnes. This is also 2% lower than the previous year's output.

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