Rice Futures Up Sharply

[cloudhopper]

Hi I don't know if or how this might affect anyone who buys, sells or eats rice here in LOS but FYI -

http://www.zerohedge.com/news/japan-rice-futures-surge-40-trigger-circuit-breaker-concerns-fukushima-radiation-will-destroy-c

[Foreverford]

Well that is just about in line with what the govt has proposed based on the current market price and the increase of the govt "guarantee" of 20,000 baht a kilo for Hom Mali. That is also the end of the career for Japan's prime minister he'll definitely now resign. This gets scary as we start to look at what will definitely increase inflation on a world-wide scale and that then forbodes an inflationary recession. Japan rice will be basically worthless to most people who have alternatives and choices. Would you eat Fuming Phosphorescent Fukushima Fine Grain if you had a choice. I would think organic Burriram Hom Mali 105 might be a bit more appealing and tasty. not Fuming on Fords Forever

[cloudhopper]

Here's an update on the Thai policy - http://www.bloomberg.com/news/2011-08-16/asia-inflation-risk-may-rise-with-thai-plan-to-boost-rice-prices.html