Rating
Rice Still on the Rise
User Rating: / 1
PoorBest 
Wednesday, 30 April 2008
Rice Exports
Vietnam’s rice industry came out of nowhere. The Economist has a neat article titled, “From Basket Case to Rice Basket” that you might find interesting. I highlight it now because it’s exactly what I found on my trip to Vietnam.
On April 1, 2008, I landed in the second-largest rice-exporting nation in the world. This wasn’t always the case, though. Vietnam is a communist country that, up until recently, practiced farm collectivization. In other words, most of Vietnam’s crops went to the government first.
Image
But since that policy has been reformed, Vietnam has hit the main stage, and is now second only to Thailand in rice exports.

It’s a perfect time to be talking about rice, too, with prices skyrocketing. I’m sure you’ve read the articles… In March, food prices were 30% higher than they were a year ago.

Now, some countries are on the defensive. Vietnam, in particular, is cutting its rice exports by more than 20%. The country thinks high food prices could mean hunger at home, so it wants to make sure it’s got a good supply.

But a 20% cut in exports means 80,000 metric tons, or 176.4 million pounds, of rice are taken off the world market.

Unfortunately, this means rice prices could climb even higher. All you commodity traders should be watching the charts very carefully.

Sara Nunnally
Editor, Taipan Trader
9 out of 10 Winners for 1,043%... And at Our Lowest Price Ever!

This cutting-edge service just nailed 9 winning picks out of 10 tries… for total gains of 1,043%. And if you don’t mind profiting at other investors’ expense, you could get in on gains like this, and you could even pocket a quick 424% in the next 12 weeks. Act now and get in at our lowest price ever... only $625. You'll save $3,875 off the published price!
Ian Wyatt's Top Stock InsightsReviews

Fellow Investor, The S&P 500 is doing its darndest to convince investors that a bottom was hit when Bear Stearns went belly up in mid-March. Twice the S&P went down to test 2-year lows -- to...
+ Full Story

The "Nevada Royalty" Secret—REVEALED

There's a unique situation in Nevada that allows ordinary investors to own royalty interests in the state's biggest and most productive mining operations. Keep in mind: This has nothing to do...
+ Full Story


Follow this link for all the details...

  • We endeavor to decipher analysis of this Teaser/News Letter to distinguish the thoughts of Authors/Editors.

  • Please post your Review/Comments, your rating helps other users gauge the value of an article ...

  • Was this service a Ripoff ? Click Here To Post Your Ripoff Story !


Bookmark and Share




RSS comments

Write review Your rating helps people guage value of an article
Name:
E-mail
BBCode:Web AddressEmail AddressBold TextItalic TextUnderlined TextQuoteCodeOpen ListList ItemClose List
Review:

I wish to be contacted by email regarding additional comments
Sorry but! We have to make sure that you are not a bot Please solve this simple math before you submit: 
O3G         3WP      
C 8    K      L   HSU
N L   OT4   HS4      
B R    S      D   1AC
5QA         TSY

 
< Prev   Next >
[ Back ]