Price of Rice Falling

Started by pioneer, June 03, 2010, 06:27:47 PM

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pioneer

(Reuters) â€" Supply from new harvests and the possible release of government stocks will continue to push Asian rice prices lower in coming weeks, traders said, with a new Vietnamese harvest due to hit the market.

Benchmark Thai 100 percent B grade white rice slipped to $455 per tonne from last week's $460, exporters said.

It has fallen 25 percent since the end of 2009 and almost 60 percent from the record high of $1,080 in April 2008.
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