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2007-09-02
GMC decides to purchase wheat by contracts to face rising prices.
The company’s board of directors decided GMC buy wheat with long-term contracts to meet any losses that may result from sudden rises in wheat prices in the global markets, they will be buying from companies which are certified and well known in this area as approved by the Board of Directors in last weeks meeting with a proposal by the President Council of the UN World Food Program which requires that the company’s global program to provide wheat to GMC according to the agreed terms and for use in WFP assistance for poor families.
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