Rice to stay near the $600 mark
China Daily | Updated: 2010-01-12 08:02
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A farmer holds up grains of rice in Mae Klang Luang, Chiang Mai province, Thailand. Rice futures may rise to $16 per 100 pounds in the next three months. Bloomberg News |
SINGAPORE: Rice export prices will probably be sustained at about $600 per metric ton "in the near term", after drought and flooding damaged crops in India and the Philippines, an agricultural economist said.
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