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Rice May Triple in 18 Months

05 Feb

Rice, the staple food of more than three billion people, may  triple in 18 months as flooding in export countries like Thailand tightens supplies and demand climbs, according to Ed Peter

Peter’s forecast, in an interview with Bloomberg on Nov. 29, would put rice at more than the peak during the 2008 food crisis, which triggered social unrest in poorer states. Wheat and corn also surged that year, while record oil prices boosted fertilizer costs. Kiattisak Kanlayasirivat at Novel Commodities SA, which trades rice, said farmers can replant quickly as floods recede.

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Posted by on February 5, 2011 in Agriculture

 

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