Rice, wheat, the most in two years the difference in international rice prices look into the three compensatory growth.

Following the doubling of wheat prices <P>, international rice prices may immediately ushered in a wave of compensatory growth. .As the Northern Hemisphere wheat by heat waves, forest fires, floods and other natural disasters, damage output, consumers and investors have to turn to alternative staple food. .Analysts believe that rice will undoubtedly become the best alternative, and possibly before the end of the year rose more than 30%. .</ P> <P> data show that rice futures in Chicago Mercantile Exchange on June 30 of this year fell to $ 9.55 per 100 pounds, which is near the lowest level in 4 years and less than in April 2008 by a record .high of $ 25.07 in the half. .This year, the type of futures prices have dropped about 25%. .In contrast, August 6 from wheat futures prices for June 9 $ 4.255 a bushel, a large rose $ 8.68, or up to double. .</ P> <P> 23 U.S. wheat futures are still up 0.2% in early trade, foreign media reported the same day, rice and wheat last time such a large spread in February 2008, when rice prices go to high. .</ P> <P> analysts believe that despite the U.S. government to track food prices in July climbed to 5 months was high, but the position is still lower than the 2008 peak of about 22%. .According to the International Monetary Fund (IMF) data that is different from 2008, the global economy will grow at a rate of 4.6%, the fastest since 2007 economic growth. .Therefore, the price of rice has some room for growth. .</ P> <P> Pan-Asian commodity brokerage firm, said managing director Jonathan Bale special, "We are very bullish on the price of rice rose this year have a chance." Bet he used the warrants, optimistic about the price of rice this year .December will rise 34%, from the current $ 11.175 per 100 pounds rose to 15 dollars. .He had previously said that rice prices are relatively cheap, because the wheat has now gained 51%, corn has jumped 21%. .</ P> <P> According to the U.S. Department of Agriculture, Russia, Kazakhstan, Ukraine, Canada, due to drought and excessive rainfall, have up to 21% of the wheat crops damaged. .The department predicted that the price of rice in 2010 to 2011 will likely rise about 4%. .</ P> <P> "grain of wheat country of consumption itself is not particularly important component of the diet, rice and other types of food also to be welcomed." Rabobank analyst Wayne Gordon of agricultural products, said the recent wheat .The surge may lead to agricultural products in the afternoon rally in the second round, but mainly focused on species such as rice prices in other markets. .</ P> <P> Hermes CEO 马马杜西塞 private investment is that the FOB price of Thai rice in Bangkok (Asia Ji Zhunmi price) will rise this year, 10 months ago by 15% to each .t $ 550. .He has successfully predicted the price of rice in 2006 will double. .According to Bloomberg News survey, the FOB price will rise 9.6% in two weeks to $ 525 per ton, reaching from the highest level since March. .</ P> <P> Thai 100% B grade rice, fob Bangkok (International Jizhun Mi price) once in 18 rose 3.7% to $ 479 per ton, since the beginning of this year, the price has dropped by more than 20% .. .</ P>.