Ample rice supplies from top exporters Thailand and Vietnam will ensure prices of Asia’s main staple remain in check early this year, sparing at least one food item from record high prices that have raised fears of unrest.
While U.S. wheat and corn futures climbed around 50 percent in 2010 on adverse weather in key producing regions, the benchmark Thai rice dropped 13 percent during the year, with sufficient supplies to meet the global demand.
The top ten rice importing countries are as follows.
Saudi Arabia 1,100
Cote d’Ivoire 860
South Africa 800
* January/December year