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The calamity hampered production and cut supply chains, leading to inventory shortages for dealers worldwide.
It is the largest oil exporter and if it cut supply, prices could rise again.
The longer it takes to cut supply, the longer farmers will remain in the red.
The oil price came under sustained pressure once Opec ministers announced their decision not to cut supply.
"If they want to boost property prices, they have to cut supply or raise demand, but they are doing neither".
California utilities and government officials have accused El Paso of using the transaction between its merchant and pipeline units to cut supply and drive up prices.
Similar(32)
Estée Lauder took a fourth-quarter restructuring charge of $76.9 million after taxes to cut supply-chain and distribution costs and trim its Internet business expenses.
It has found it hard to compete with online rivals, though Hubert Joly, its new boss, recently presented a turnaround plan to reduce overheads and cut supply-chain costs while vowing to "rejuvenate the customer experience".
Both those factors will cut supplies of meat and dairy products, eventually pushing prices up.
It also cut supplies at the beginning of the year amid a contractual dispute with Ukraine.
That will cut supplies to several thousand people, said Saikouba Ahmed, the agency's program officer here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com