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IGC Cuts 2012 World Wheat Inventory Forecast to 206 Million Tons

World wheat inventories at the end of the 2012-13 crop year may total 206 million metric tons, down from 208 million tons forecast on April 2, the International Grains Council said.

World wheat production is seen down at 676 million tons, from 681 million tons, the London-based council said in an e-mailed report today.

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