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Finding the Rice Solution

2008-08-12TANWEI

Beijing Review 2008年21期

TAN WEI

The rice price surge has touched the hearts of many. Since April this year, the international rice price has surmounted $1,000 per ton,and is continuing to increase. Statistics from the Chicago Board of Trade showed in the past 12 months that rice futures escalated 75 percent, far outpacing the 30 percent growth rate of corn and soybean prices.