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Stock Ideas Investors Daily Edge Rising Rice Stokes Agflation Agitation
Stock Ideas Investors Daily Edge Rising Rice Stokes Agflation Agitation 
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By Roger S. Conrad and David Dittman Prime Minister Stephen Harper confirmed last week that his minority Conservative government will address issues regarding foreign acquisitions of Canadian assets involving state-owned enterprises, but also said the proposed takeover of PrimeWest Energy Trust by the Abu Dhabi National Energy Co, or TAQA, would be reviewed under existing rules, as set out in the Investment Canada Act. |
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| Rising Rice Stokes Agflation Agitation |
| Saturday, 05 April 2008 | ||||||||
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Prices for Rice Futures in Chicago One of the basic tenets of Material Profits is that as emerging-market participants become affluent they will consume. Here’s a chart of the prices for rice futures in Chicago. Rice is up over 100% year-to-date -- and it is likely to go higher. Prices for Rice Futures in Chicago One of the basic tenets of Material Profits is that as emerging-market participants become affluent they will consume. Here’s a chart of the prices for rice futures in Chicago. Rice is up over 100% year-to-date -- and it is likely to go higher.  The world rice trade is expected to fall by 1.1 million metric tons to 29.9 million tons in 2008. Exporting countries are adding curbs and tariffs to exports in order to keep rice at home to fill demand. This is called agflation. It will get worse. The good news is that I’ve found a way to make money off this dominant trend. Join Material Profits and you can smile when you pay $8 for a loaf of bread. Sincerely, Christian DeHaemer Editor, Material Profits
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