Robert Zeigler News
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Myanmar, the world’s top rice shipper before five decades of military dictatorship made it Southeast Asia’s poorest nation, plans to double exports over five years, threatening to aggravate a global glut.
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The lobby of Tokyo’s majestic Imperial Hotel was people-watching central last weekend.
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The price of rice, the staple food for half the world, may advance as wheat’s rally drives consumers to seek alternatives, according to Robert Zeigler , director general of the International Rice Research Institute.
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Damage to rice crops from Thailand to Philippines may “push up” prices this year as global production of milled rice may be less than previously forecast, according to the International Rice Research Institute.
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Rice production in India, the second- largest grower, may climb as much as 7 percent to a record as normal monsoon rains spur planting, likely helping the country ease export curbs and potentially limiting global food costs.
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Record worldwide food prices may remain high because the output response needed to ease supply concerns may take years, the International Monetary Fund said.
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Damage to rice crops from Thailand to Philippines may ‘push up’ prices this year as global production of milled rice may be less than previously forecast, according to the International Rice Research Institute.
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Corn traded near a 30-month high in Chicago, heading for a second weekly advance, on increased demand amid tight supply. Wheat and soybeans climbed.
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Bangladesh, South Asia’s biggest rice buyer, is in talks with India to buy grains on a regular basis to bolster food security as governments seek to avoid a repeat of the unrest that broke out when prices last soared.
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