Brown rice futures prices in Chicago fell to two-month low of City News _ _ _ Sina Sina Financial
Posted on May-31-2008· by china investor
The tense situation on the international rice supply and demand slowing, and other factors, on the 28th Chicago Board of Trade rice main contract for the third consecutive trading day Dieting, to the lowest point in two months.
Analysts believe that the recent brown rice prices fell mainly due to continuous tension in the international supply and demand situation has eased. Colombian government this week announced the lifting of the ban on rice exports, the Government of Pakistan earlier this month have made similar decisions. The world's second largest rice exporting countries may also be in Vietnam in July to lift export restrictions. In addition, the United States to speed up the progress of rice cultivation, which is brown rice prices have also put pressure.
On the Chicago Board of Trade July delivery brown rice futures prices dropped 1.15 U.S. dollars per hundred pounds, to close at 18.45 U.S. dollars, to March 20 the lowest level since. (Xinhua)
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