Saturday, 5 March 2011
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Rice prices may spike up despite better harvests
THE price of rice, the staple for half the world, may advance as consumers seek cheaper substitutes to wheat products and if drought spreads to China's growing regions, according to the Laguna-based International Rice Research Institute. "If drought in China continues, that would affect rice lands," director-general Robert Zeigler said in a Bloomberg Television interview Friday. The good news is
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