Source: MORNING AG CLIPS, 6/8/17

Global food commodity markets are well-balanced, buoyed by ample supplies of wheat and maize and rebounding production of oilseed products. However, rising shipping costs and larger import volumes are set to lift the global food import bill to more than USD 1.3 trillion this year, a 10.6 percent increase from 2016, FAO said today in its biannual Food Outlook.

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