Monday, 8 August 2011

From Japan...


Japan Rice Futures Surge 40%, Trigger Circuit Breaker On Concerns Fukushima Radiation Will Destroy Crops

9 August, 2011



70 years after rice futures trading was halted on the Tokyo Grain Exchange, it was finally reopened today... only to be halted immediately. 

The reason: concerns that Fukushima radiation would destroy rice crops and collapse supply sent the contract price soaring from the reference price of Y13,500 to a ridiculous Y18,500 at which point it was halted...

...That said, the move should not come as a surprise at least to our readers after we predicted the day Fukushima blew upthat very soon rice prices would surge to record highs. Little by little, that realization is dawning on everyone.

For article GO HERE

No comments:

Post a Comment

Note: only a member of this blog may post a comment.