Monday, 24 October 2011
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BusinessWeek, 24 Oct 2011
Oct. 24 (Bloomberg) -- Rice jumped to the highest in more than a month after the United Nations said that flooding devastated crops in Southeast Asia, raising concerns of food shortages in affected areas.
Rough rice for January delivery jumped 50 cents, the most allowed by the Chicago Board of Trade, or 3 percent to $17.215 per 100 pounds as of 3:35 p.m. Singapore time. That’s the highest price for the most-active contract since Sept. 21. Full story
Rice Jumps to One-Month High on Southeast Asia Crop Losses
BusinessWeek, 24 Oct 2011Oct. 24 (Bloomberg) -- Rice jumped to the highest in more than a month after the United Nations said that flooding devastated crops in Southeast Asia, raising concerns of food shortages in affected areas.
Rough rice for January delivery jumped 50 cents, the most allowed by the Chicago Board of Trade, or 3 percent to $17.215 per 100 pounds as of 3:35 p.m. Singapore time. That’s the highest price for the most-active contract since Sept. 21. Full story
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