This is from Reuters.
This may be good news for all those countries facing rice shortages and skyrocketing prices.
U.S. rice futures tumble on increased supply outlook
Tue May 13, 2008 7:14pm EDT
SEOUL (Reuters) - U.S. rice futures fell more than 3 percent in early Asian trading on Wednesday, extending an overnight fall on an expected rise in global rice output this year.
At the Chicago Board of Trade, U.S. rough rice futures for July delivery RRN8 fell 3.4 percent, or 75 cents, to $21.49 per hundredweight. September contract RRU8 also fell 3.8 percent, or 74 cents, to $18.85.
(Reporting by Miyoung Kim; editing by Jonathan Hopfner)
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