Sunday 8 May 2011

Asian Nations Plans Emergency Rice Pool / Prices Rough Rice {May 12}

http://7marketspot.com/archives/3340

Asian Nations Plans Emergency Rice Pool

07.05.2011 | Author: economy | Posted in Agriculture

Asian Nations Plans Emergency Rice Pool
The 10 members of the Association of South East Asian Nations along with China, Japan and South Korea will officially launch the formation of an emergency rice reserves system in October, an Indonesian official said Friday.
Deputy Trade Minister Mahendra Siregar said that 720,000 metric tons in rice stocks will be put aside so that any of the 13 countries can tap them when necessary
“We are also proposing to step up the (size), so we can also tap the rice pool not only in emergency situations like adverse weather, but also when global prices soar, which make it difficult for some countries to secure their food supply,” Siregar said.
The proposed expansion will be discussed in the future, he said, but he didn’t provide a timetable.
The emergency rice reserves system was envisioned to cope with recent unusual price fluctuations as a result of natural disasters such as flood and drought.

Rough Rice {May 12}





HISTORICAL PRICES - LAST 60 DAYS
DATEOPENHIGHLOWCLOSEVOLUME
05/05/1116.8516.8516.1516.150
04/05/1117.2217.2216.8516.850
03/05/1117.1117.2217.1117.220
02/05/1116.8517.1116.8517.110
29/04/1116.4316.8516.4316.850
28/04/1116.4616.4616.4316.430
27/04/1116.5216.5216.4616.460
26/04/1116.4216.5216.4216.520
25/04/1116.0016.4216.0016.420
21/04/1115.9916.0015.9916.000
20/04/1115.7615.9915.7615.990
19/04/1115.7615.7615.7615.760
18/04/1115.7515.7615.7515.760
15/04/1115.7515.7515.7515.750
14/04/1115.7315.7515.7315.750
13/04/1115.7315.7315.7315.730
12/04/1115.8815.8815.7315.730
11/04/1115.8815.8815.8815.880
08/04/1115.8815.8815.8815.880
07/04/1116.1016.1015.8815.880
06/04/1116.1016.1016.1016.100
05/04/1116.0516.1016.0516.100
04/04/1116.0516.0516.0516.050
01/04/1116.0916.0916.0516.050
31/03/1116.0916.0916.0916.090
30/03/1116.0916.0916.0916.090
29/03/1116.0316.0916.0316.090
28/03/1116.1416.1416.0316.030
25/03/1116.0216.1416.0216.140
24/03/1115.9216.0215.9216.020
23/03/1115.6915.9215.6915.920
22/03/1115.6015.6915.6015.693
21/03/1115.9515.9615.6015.600
13/03/110.00000.00000.00000.00000

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