Sunday 29 July 2012
India
Hoarding rice
India, the second-biggest grower of rice, wheat and sugar, will review its export rules and consider curbing the amount of food crops that traders can stockpile as the worst monsoon in three years fuels a rally in prices.
“I am concerned about the deficient rain,” Food Minister K.V. Thomas told reporters after a meeting with Prime Minister Manmohan Singh yesterday.
“We will get a clear picture about the situation after 15 days.”
Source: Argentine Beef Packers S.A.
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