US consumers show unprecedented demand for rice, flour stocks
May 2, 2008

Concern over how quickly current world supplies are being drawn down has given commodity speculators all the ammunition they need to drive the price of rice through the roof. The price of rice from Thailand has nearly tripled since the beginning of the year and stands at record highs. Rice prices on the Chicago Board of Trade are up about 80 percent this year. While U.S. government and trade group officials have maintained that there is no shortage on the horizon, buyers have been streaming... ...Read more »