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Thai rice subsidy scheme backfires

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.

Myanmar wants to be the world’s biggest rice exporter again
Record rice production for the 3rd consecutive year

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

Crop Prices Tumble as Japan Earthquake Threatens to Erode Demand –

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

World Food Prices Rise to Record, May Gain Further, UN Says (2) –

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

Farmers Fail to Meet Demand as Corn Stockpiles Drop to 1974 Low –

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

Commodities Fall on U.K. Economic Woes –

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