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One Grain Is Keeping World’s Food Crisis From Getting Worse

  • Rice posts modest gains compared with corn, soy and wheat
  • Stable rice prices may limit more widespread food inflation
Bloomberg business news
WATCH: Roland Fumasi, regional head of food and agriculture research at Rabobank, discusses the outlook for agricultural commodities.(Source: Bloomberg)
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As skyrocketing crop prices fuel fears about soaring food costs and hunger around the globe, one of the world’s most consumed staples is bucking the trend and warding off a broader food crisis at least for now.

Rice is the predominant source of nourishment each day for more than 3 billion people, and yet it hasn’t rallied anything like other agricultural commodities from corn to soy and meat. While prices are above levels a year earlier, they’ve declined in recent months in some of the top exporters including Vietnam, Thailand and India on improved supplies from new harvests.