Last Updated : October 01, 2011 10:30
CBOT Updates: Rice declines on subdued demand
CHICAGO (Commodity Online): US rice futures end lower on outside pressure and ample domestic supplies. The USDA reported Rough Rice stocks as of Sept. 1 were 35% above year-ago levels.
Grains in general tumbled as the USDA showed greater supplies than expected for Corn and wheat. Rice losses were potentially limited by typhoon damage in the Philippines.
The country "had talked about a sharp reduction in imports due to strong domestic production potential and no big storms, but this talk might need to be modified now," says Price Futures' Jack Scoville. November rice fell 13c to $15.95/hundredweight.
Courtesy: CME Group
NCDEX PEPPERMALABARGARBLEJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
