Arab Today, arab today global rice prices may soar on high demand next year
Last Updated : GMT 00:22:05
Arab Today, arab today
Arab Today, arab today

Global rice prices may soar on high demand next year

Arab Today, arab today

Arab Today, arab today Global rice prices may soar on high demand next year

Hanoi - Xinhua

The world\'s demand on rice is increasing, and in the near future rice will be likely to replace other crops due to competition in price and quality. Rice prices may rise to 700 U.S. dollars per ton next year even though India has returned to the market. The statement was made by Jeremy Zwinger, CEO of The Rice Trader, a leading trade publication and analyst of the global rice industry, at the on-going World Rice Conference (WRC) 2011 in Vietnam\'s southern Ho Chi Minh City, reported local Vietnam News on Friday. His saying was proven by the fact that rice exports from major rice producers have increased sharply, namely up 20 percent in the first quarter, 17 percent in the second quarter and 11.5 percent in the third quarter of this year - the highest growths in the history of the world\'s rice production. As of October 11, Thailand exported 9.4 million tons of rice, up 45.16 percent over last year, while Vietnam exported 5.99 million tons, up 8.8 percent, and India with 2.13 million tons, up 11.38 percent. According to Zwinger, prices would go up due to increased flooding in Cambodia, Vietnam and especially Thailand, a 15 percent drop in production in South America, and Thailand\'s decision to increase prices for grain purchase to boost rural incomes. According to the Ministry of Commerce of Thailand, the recent flooding which was said the ever worst calamity over the past many years in this country may cause a damage of around 6-7 million tons of paddy, equivalent with around three million tons of rice. However, Thailand is not short of rice since four million tons of rice still remained in stock and nearly one million tons in the government storehouses. The country expects to export 11 million tons of rice this year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global rice prices may soar on high demand next year Arab Today, arab today global rice prices may soar on high demand next year

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday