Rice eases global food crisis

Note: This section contains information in English only.
Source: Bloomberg
While corn and soybeans are driven by the drought to record highs, farmers are ready to collect an all-time high rice output and Thailand is building the biggest inventory in five decades, trying to relief the world from a food crisis. Benchmark 5% Thai white rice is expected to fall 14% to $480 per ton by Dec. 31. Rough-rice futures gained 7.1% to $15.92 per 100 pounds on the Chicago Board of Trade in 2012.
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Tue, 07 Aug 2012 10:06:13 GMT

U.K. industrial data outperforms expectations

U.K. industrial production dropped less than expected in June, showing the crisis may have been less intensive in the second quarter than reported before. Industrial output slipped 2.5% from May amid the impact from additional public holiday on queen's Jubilee, reported by the Office for National Statistics on Tuesday. The fall was the highest since November 2008, however, it was

Tue, 07 Aug 2012 16:32:10 GMT

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