The rise of rice price
Last January, the price of rice future for December delivery was about $13. Today, it is more than $20. And, for next year delivery, the price of rice remains high.
Rough Rice Future (Yahoo! Finance on April 18, 2008)
So, if rice traders' perception is any guide, it is going to be a bumpy ride ahead for the Indonesia's poor.
3 comments:
I you say "rice traders' perception is any guide", I should say "governments' restriction is any impact".
"Yesterday, globally traded rice prices hit fresh record highs over US$1,000 a tonne overnight. This is after Vietnam, India, China, and Indonesia either banned or restricted rice exports, causing panic on global markets."
Why do Europeans in US, UK, AusNZ, Can, everywhere, eat rice now? The new economics of rice?
lj
Not all prices wiil rising. Ex. CPO
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