- Japanese Finance Minister Koji Omi said domestic consumption should rise in Japan in a tight labor market and that he believes Japan is no longer experiencing deflation.
- There is talk that OPEC may be planning to carry out another cut in production levels after last week's drop in the price of crude .
- The Cotton Advisory Council predicted that world ending stocks of cotton will be down 4 million bales in 2007-2008 to 48 million bales.
- Germany's cocoa grind totaled 322,232 tons in 06, up 30% YoY.
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