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Commodities Briefing - Categorized | Agriculture, Price Watch more

Bumper rice harvests drag prices to decade-lows

Posted on 17 November 2016

Years of drought brought by the weather cycle El Nino to South and Southeast Asia, home to the world’s biggest rice traders, have given way once more to soaking rains, boosting harvests of the region’s major staple crop and sending prices tumbling to 10-year lows.
A combination of improved harvests, significant inventories due to government policies and commodities market speculation, contracting export demand and programs to boost rice production for Asia’s biggest importers have led to widespread problems for farmers and subsequent intervention by regional administrations……………………………………….Full Article: Source


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