Instead of cash, North Korea told the negotiators in Geneva it would settle for 1m tonnes in grain.
But Beijing insists the country should be 95% self-sufficient in grain, and it requires provinces to shoot for self-sufficiency too.
For these people, a huge rise in grain prices is more than noticeable -- it can literally break their budget.
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The group has operations in grain milling, packaging, beverages and petroleum trading and manufactures the Azam brand of chocolates and ice cream.
In 2005 the government banned the private trade in grain that had sprung up as an improvised response to the last famine.
The stage is set, Grice says, for a permanent step up in grain prices, just as oil prices jumped following the 1973 Arab oil embargo.
Investors in grain-processing giant Archer-Daniels-Midland ( ADM) think corn is king.
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Until this year American Commercial, had been happy to ride the surge in grain rates, with earnings per share growth of 15.3% from 2004 to 2006.
During a spike in food prices in 2005 grain was 4.5% cheaper in markets with mobile coverage.
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In response to local concerns about the loss of critical food supplies, several governments have imposed taxes or other restrictions on exports: on a key ingredient of fertiliser in China, on grain in Argentina, on rice in India.
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In 1960, Texas Grain Storage added a small fertilizer blend plant for farmers in the area and started selling fertilizer and grain-storage services for other farmers in Texas, the company said in the court filing.
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"There's more allergen now in each grain than there used to be, " Demain says.
That would make the company one of the world's leaders in livestock grain milling.
And you know, there's, some of those were based in a grain of truth.
Any big price moves in the grain futures markets Friday may spill over into other commodity markets, including gold and silver.
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Not long ago traders clung to power in the grain pits, new technology was regarded with suspicion and corporate governance was opaque.
Moreover, most of the decline in coarse-grain stocks has come in China.
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The company expects crop yields to be lower in 2012 owing to the severe drought in the U.S., resulting in high grain prices.
The claim states that a diet rich in whole-grain foods and low in saturated fat and cholesterol may help reduce the risk of heart disease.
Dr Feng counters fears about a grain embargo, by pointing out that any land used in other food production could fairly quickly be re-converted to grain in an emergency.
Mark Whitacre, whose case was written about in three books ( The Informant, Rats in the Grain, and the newest book, Mark Whitacre Against all Odds) is such a person.
In the worst-affected regions of Somalia, cereals prices are 260% higher than they were in 2010, comparable to what happened in Ethiopia, when grain prices in famine-stricken northern provinces in mid-1985 were about 300%-350% of their levels the year before.
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The fluctuation is about 50 parts in a billion, less than a single grain in a bag of sugar.
Elsewhere in the Torah, in addition to the right to glean for grain in the field, the alien is given the right to glean from grapevines and olive trees.
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The Murrows were Quaker abolitionists in slaveholding North Carolina, Republicans in Democratic territory, and grain farmers in tobacco country.
U.S. commercial banks -- which actually extend the loans in support of U.S. grain sales and which are, in turn, "covered" by risk-free taxpayer guarantees -- could possibly be prevented from proceeding in the case of transactions involving grain that has not yet left the United States.
Given advances in agriculture and bioengineering, America could be the Saudi Arabia of grain in a century when the world is clamoring for more food.
As the general election of June 2nd showed and salmon played no small part in it, just as grain marketing did in the prairie provinces for the Canadian west, the other enemy is far-off Ottawa.
Petrela, a 36 year old Canadian citizen, who used to buy farmland for George Soros in Argentina, is focusing on the grain belt in southern Canada, which can be acquired for a 25% discount than the roughly same land in northern United States.
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Many food executives had hoped that southern hemisphere farmers would try to cash in on high grain prices by growing bigger crops over the next several months, but weather problems are plaguing growers in several countries.
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