By SIMON CONSTABLE
Even your sushi may cost more.
Even your sushi may cost more.
Drought, floods, and historically low global inventories have rice-market experts worried that the price of the grain could come close to doubling if harvests around the world continue to disappoint.
It means futures prices for rough, or unmilled, rice could exceed $20 per 100 pounds, versus recent prices for active-month futures of $11.40 on the Chicago Mercantile Exchange. Speculators wishing to gain from the potential move higher should purchase rough-rice futures contracts.
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