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Write a 1 page essay on Soft Commodity (News Letter Form).4). Additionally, production shifted from Gulf Coast regions to more efficient growing areas.However, due to the decrease in demand in rice du
Write a 1 page essay on Soft Commodity (News Letter Form).
4). Additionally, production shifted from Gulf Coast regions to more efficient growing areas.
However, due to the decrease in demand in rice during 2008, the price of rice has significantly increased. But with the aid of the structural changes, the US rice industry has managed to cope and since then the trend of the demand has normalized. Currently, rice is valued in the market at $578.36 per metric ton.
According to World Bank’s bi-annual Global Economic Prospects (26) report, a decline on the prices of global prices of farm commodities should be expected in 2012 by up to 11% mainly due because of the slowdown in demand and improved supply prospects.
Although returns to rice production are highly variable and fluctuating, the trend is being controlled with the substantial structural changes that are being implemented in order to balance these factors. In the years to come, as the World Bank has predicted, rice prices will continually drop. And unlike other agricultural products, the rice industry has enjoyed a decline in its
