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The wholesale price for soybeans remained high, ranging from RMB 4,000/MT to RMB 5,000/MT from October of 2007 through the soybean sowing months of 2008, significantly higher than most parts of 2007 (See chart 1 - Exchange rate in 2008: RMB6.8 =$1.0). Chart 1. Soybean Monthly Average Wholesale Prices in 2006-2008 (RMB/MT) ................
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