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Posted Thu Apr 24 2008: from Guardian (UK):
Chicago rice hits record high above $25
U.S. rice futures struck a new lifetime peak above $25 in Asian trading on Thursday, as worries about possible supply shortages continued to plague the world's second-biggest food grain crop. Chicago Board of Trade July rough rice futures surged to a record high of $25.010 per hundredweight on worries over scarce global supplies of the grain. CBOT rice is up about 80 percent so far this year. The July contract surpassed the previous record of $24.85 touched in Chicago on Wednesday, where it later closed at $24.82.
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