Wednesday, 22 July 2009

DOLLAR TRAP TO PUSH UP RICE PRICES

The situation "suggests that a falling dollar will keep rice [and commodity] prices higher," according to the latest edition of the institute's bimonthly publication Rice Today.
"We expect a pitched battle between the current negative sentiment that draws prices lower—especially with India possibly returning to the export market soon—and the US dollar, whose value is shaped by the global and US economies. The result of this battle will mark price trends,"

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