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‘Abundant’ Thai rice supply to keep cap on global prices, UN agency says

Posted on 04 May 2011

Increased rice supplies from Thailand, the biggest shipper, may help to boost global stockpiles and cap prices, the Food and Agriculture Organization said, mitigating record food costs that have pushed millions more into poverty.

“There is enough production in the world to keep prices down,” Concepcion Calpe, a senior economist at the United Nations’ agency, said in an e-mail interview. Thai supplies may be “abundant” this year, with rising output helping to boost reserves, Calpe wrote, without giving precise forecasts……………………………………….Full Article: Source


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