date:Jun 09, 2014
Rise
Yesterday, the grain touched $14.07, the lowest since June 18, 2012.
Global inventories before this years harvest will climb to 111.25 million tons, the highest in 12 years, the USDA said last month. Prices for 5-percent broken Thai white rice, an Asian benchmark, slumped 28 percent in the past year and have tumbled 62 percent from a record reached in 2008.
An index of 55 food items dropped 1.2 percent to 207.8 points from a restated 210.3 points in April, UN data showed yesterday. World