Thursday, July 23, 2009


14 months ago, we had a record high price for rice. The government pledged to spend $9 billion to increase rice production. What has happened now? I hope that something has been done. Looking at the rough rice futures price (chart below), it seems that RR has found a bottom, broke out of downtrend and may be heading up again. A news article from The Star says that many cannot cope with increased food price. What is the government action plan when the people goes hungry?

Rough Rice Weekly Chart

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