Rice prices have nowhere to go but up as drought in India and cyclones in the Philippines cripple harvests, according to the world’s biggest importer and the top exporter
Rice may double to more than $1,000 a tonne as dry El Nino weather shrinks output and the Philippines and India boost imports
Global rice supplies are likely to be tighter than last year
The market can even touch $2,000 a tonne in the middle of 2010
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