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Commodities

Olam CEO sees farm commodity glut continuing in 2018

Sustainability and climate-change costs are surmountable, says Sunny Verghese

Sunny Verghese (Pohto by Keiichiro Asahara)

TOKYO -- The CEO of Singapore-based agricultural trader Olam International believes low commodities prices will persist next year as the problem of oversupply that has dogged the market in recent years continues.

Bumper harvests around the world have depressed prices recent years and 2017 was no exception, said Sunny Verghese, who is also the co-founder of Olam.

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