Food Crisis Worsens as Rice Prices Surge
Apr 23rd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsRice prices have hit fresh records after World Bank officials said Thailand, the largest exporter of the grain, may restrict exports, worsening the global food crisis.
The price of rice, which has doubled in the past year, jumped 2.3% in Chicago today.
“Soft commodities are now the best-performing sub-set of the commodity bull market,” says Eric Roseman in the Offshore A-Letter.