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Rice prices continue to rise
Look for the price of rice to go up -- again.
Thailand, the world's biggest rice exporter, announced the cost per ton surged to $1,000 today. That's almost triple the price per ton at the start of the year. And some Thai traders say it might reach $1,300 hundred before long. This may be good news for Bangkok rice dealers, but not it's so good for poorer nations. Even in the U.S. this week, retailers such as Sam's Club and Costco were starting to see signs of panic buying.
Posted by Lori Stassi on April 24, 2008 7:50 AM PT | Permalink
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