The controversial rice subsidy scheme, which paid farmers up to 50 percent above market rates, helped propel Thailand’s prime minister Yingluck Shinawatra to power in 2011, but now appears to be unraveling as global cereal prices are likely to fall further.
The 2012 rice harvest could be the best in history while global demand is softening, except in Africa. The cultivated rice field areas have further increased this year in Asia. Consequently, world production will reach close to 490 million tonnes of white
Corn, wheat, soybean and rice futures tumbled after Japan was struck by its largest earthquake on record, threatening to curb demand from the Asian country, a major importer of U.S. crops. Japan, the largest buyer of U.S. corn, is checking
Rising food costs contributed to riots across North Africa and the Middle East in the last several months that toppled leaders in Egypt and Tunisia. Prices surged as bad weather ruined crops from Canada to Australia and Russia banned grain
The smallest corn inventories in 37 years are a sign farmers around the globe are failing to produce enough grain to meet rising consumption, even as planting expands and food prices surge. Growers from Canada to Russia boosted annual output
Both industrial and agricultural commodity prices were hit by the selloff, with natural gas, copper, coffee and rice futures all down more than 2%. Palladium was off more than 4%. Commodity prices retreated Tuesday, taking a cue from currency-market response