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Russian domestic wheat prices rise

November 20, 2012 Gains in Russian domestic wheat price began to accelerate last week as sales from government intervention stocks failed to cool down a drought-hit market, SovEcon agriculture analysts said in a note on Monday. "Expectations of price declines due to (grain) interventions are not immediately taking shape, while many buyers have to think about building stocks for late December and early January," SovEcon said. Russia, one of the world's key wheat exporters, is aiming to…

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