USDA's Schafer reassures no rice shortage
Sat, 04/26/2008 - 07:21
U.S. Agriculture Secretary Ed Schafer on Thursday sought to calm the frayed nerves of consumers, saying there was no shortage of rice in the United States even as a major outlet limited sales.
He also said the surge in rice prices to record highs at the Chicago Board of Trade, the world's largest grain exchange, could be attributed, in part, to speculation about future rice shortages.
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