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Friday, January 7, 2011

Ample supply spares rice from food price squeeze

Reuters UK, 7 Jan 2011(Reuters) - Ample rice supplies from top exporters Thailand and Vietnam should keep prices in check through the first quarter, sparing Asia's staple food from the rally in commodity prices that has driven food inflation to the top of policymaker agendas.Benchmark Thai rice dropped 13 percent in 2010, while U.S. wheat and corn futures climbed around 50 percent as adverse