Will Thailand Rice Exports Exceed Forecast? Fifth-Straight Weekly Decline of Copper
Rice exports from Thailand, the biggest shipper in the world, may exceed forecast this year and reach a record in 2010 because of high African demand and a lack of shipments from India. India cut rice shipments last year on concern about global shortage, leading to record prices for the grain. Same crises may happen as rising energy costs again spur commodity prices, including rice. Rice futures reached $13.30 per 100 pounds yesterday in Chicago.
Copper is falling in New York for a fifth-straight weekly decline, the longest slide in a year. December futures for copper delivery fell $0.051 (1.9 percent) to $2.686 per pound by 8:16 on the New York Mercantile Exchange’s Comex division.
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