Saturday, April 26, 2008

The Reasons behind the Escalating Rice Price


Here's a roundup of the news covering the spike in rice prices and supply.

=====

Behind the Run on Rice

Despite bumper crops in Vietnam and India, export limits and bans have created a global shortage and driven up prices

=====

Why have rice prices surged to record highs?

Asian rice prices have almost trebled this year and prices on the Chicago Board of Trade have risen more than 80 percent to hit successive record highs as export restrictions by leading suppliers fuel insecurity over food supplies.

=====

Rice and Wrong: Food Costs Flummox

Food prices are igniting riots in developing countries -- and quietly claiming a chunk of my family's bottom line.

=====

Rising price of rice sparks fears over supply, security

The price of rice -- a staple in much of the world -- is rising, bringing with it concerns about food security and worries about possible shortages. In the United States, the two biggest U.S. warehouse retail chains already are limiting purchases of the grain.

=====

Viet Nam wins rice tender in Philippines

The Philippines has announced auction results for rice supplies in which Viet Nam won with the highest offer of US$1,200 per ton for 100,000 tons of rice.

=====

Thai rice prices rise again despite CBOT falls

Thai 100 percent B grade white rice, the world's physical benchmark, was quoted higher on Friday, despite a 3 percent fall in rice futures contracts on the Chicago Board of Trade, Thai traders said on Friday.

=====

No comments: