Non-energy commodity prices fell by 2.7 percent in December, a fifth straight monthly decrease, on concerns about global demand, and in part due to dollar appreciation (up 3.0 percent against the euro). Declines were largest for fertilizers, beverages, and grains. During 2011, commodity prices generally peaked in the first quarter and subsequently declined on deteriorating demand prospects. For the year, non-energy prices fell 11 percent, with declines...
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