By SIMON CONSTABLE
In May I warned Barron's readers in this column that rice prices were set to surge. And they did, rising 9% on the Chicago Mercantile Exchange, to more than $16.30 per hundredweight in early August from just shy of $15 three months earlier. Prices have retreated since, to around $15 recently. But that doesn't mean the rally is done.
Analysts say the market is poised for a price surge that could take rice even higher, with futures prices exceeding $20. Read more here.
Photo by Mgg Vitchakorn on Unsplash
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