Rice goes off the boil

Posted by Nogger - a legend in his own mind at 10:50 | Categorized as

Rice prices in Chicago tumbled after touching a record above $25 per 100 pounds yesterday, as Thailand and Brazil said they will not curb exports and Pakistan plans to ship overseas, easing concern over tight global supplies.

Rice closed down its 50c limit in CBOT last night and is currently a further 71c lower in the overnight market, having earlier touched its expanded 75c limit down.