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CHICAGO (Reuters) - U.S. rice futures prices spiked to a 9-1/2 month high on Monday as fears about a smaller Asian stockpile sparked investor buying. The strong trend in Chicago Board of Trade futures markets began last week when India announced it scrapped a rice import duty after severe weather hurt its output. Since then Indian state-backed agencies have tendered to buy up to 30,000 tonnes of rice.
Full Story: US rice soars to 9-1/2-month top on Asian jitters - Reuters India
CHICAGO (Reuters) - U.S. rice futures prices spiked to a 9-1/2 month high on Monday as fears about a smaller Asian stockpile sparked investor buying. The strong trend in Chicago Board of Trade futures markets began last week when India announced it scrapped a rice import duty after severe weather hurt its output. Since then Indian state-backed agencies have tendered to buy up to 30,000 tonnes of rice.
Full Story: US rice soars to 9-1/2-month top on Asian jitters - Reuters India
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