Friday, July 13, 2012

TEXT-Fitch: corn belt troubles trigger protein pricing concerns

July 13 - Excessive heat and dry weather conditions in the U.S. are likely
to renew concerns about food inflation, particularly for protein, according to
Fitch Ratings. The U.S. Department of Agriculture this week said corn production
would fall 12% this month. That drop amid already tight supply is causing
widespread concern among the investment community.

Unfavorable weather conditions across the corn belt states have caused
drought-like conditions, damaging crops and stalling a vital corn po

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