Rice eases global food crisis

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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

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