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Rice Takes Out December 2009 Highs, Next Stop: $20, As China Distributes Fake Plastic Rice
ZeroHedge ^ | 2/3/2011 | Tyler Durden

Posted on 02/03/2011 9:44:28 AM PST by mojito

And so the tide rising all commodities keeps coming: rough rice has just passed its December 2009 high and is now at its highest since October 2008. When we predicted on Monday morning that "rice is next", little did we think that it would be up by 11% in 4 days. And with this important resistance level broken, it is smooth sailing to the next two resistance levels of $20 and $24. Of course, Bangladesh will be in flames long before any of those are hit. But a speculator has to eat, right. After all, none of this is Gen Ben's fault.

And for those curious how China is dealing with multi year rice price highs, here is a tip, via Very Vietnam:

Fake Plastic Rice from China

According to the Korean-language “Weekly Hong Kong” (which many Vietnam websites are referencing as well), Singapore media claim that fake rice is being distributed in the Chinese town of Taiyuan, in Shaanxi province. This “rice” is a mix of potatoes, sweet potatoes, and plastic. It is formed by mixing the potatoes and sweet potatoes into the shape of rice grains, then adding industrial synthetic resins. Since the rice does not behave like normal rice, it stays hard even after it has been cooked. Such synthetic resins can also be very harmful if consumed.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs
KEYWORDS: china; commoditiesbubble; food; foodcrisis; foodshortage; rice; ricecrop
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To: SgtHooper
If they could make this a safe food, the benefits would be enormous. Thinking weight loss here.

Yep, starvation certainly has a tendency to promote "weight-loss."

21 posted on 02/03/2011 10:10:17 AM PST by vox_freedom (America is being tested as never before in its history. May God help us.)
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To: vox_freedom

LOL! You have to include food with sustenance as well. The rice is just a filler. Sates the user. And, it is reusable, should the user want to go that far.


22 posted on 02/03/2011 10:12:47 AM PST by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: SgtHooper

lol, the ultimate reusable roughage cleanout...


23 posted on 02/03/2011 10:19:48 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: SgtHooper

Yes, but it would give new meaning to “violent diarrhea”.


24 posted on 02/03/2011 10:24:14 AM PST by Cletus.D.Yokel (Islam is a violent and tyrannical political ideology and has nothing to do with "religion".)
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To: Abathar

Haha. Yes, only the fiber is no longer organic, but plastic fiber.


25 posted on 02/03/2011 10:27:33 AM PST by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: Bean Counter; mo

See this??


26 posted on 02/03/2011 10:31:57 AM PST by hennie pennie
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To: glorgau
Rule #1 - Never trust any food products from China.

I try not to buy Chinese, but I can't find any canned or jarred mandarin oranges that aren't from there, and I really love them. I rationalize buying them anyway by telling myself Rule #1 only applies to PROCESSED food.

27 posted on 02/03/2011 10:32:40 AM PST by nina0113
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To: SgtHooper

Yeah, but think about the dental bills.


28 posted on 02/03/2011 10:35:16 AM PST by dangerdoc (see post #6)
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To: SunkenCiv; Quix; B4Ranch; SonOfDarkSkies; houeto; null and void; Lurker; Whenifhow; TheOldLady; ...
Prastic-rice pring.

"Usual Weirdos" ping.

Erratic volume ping list tracking stuff that's just weird, or is of interest to the usual bunch of weirdos (especially SunkenCiv).

FReepmail me if you want on or off
The Comedian's "Usual Weirdos" ping list...


Today is a good day to die.
I didn't say for whom.

29 posted on 02/03/2011 10:37:57 AM PST by The Comedian (It's 3am all over the planet.)
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To: SgtHooper

I have seen the truly poor in both Africa and South America patty moist dirt and sawdust with a ground weed that adds a little sweetness to the mix and feed that to their family.

To be honest though if the plastic “binders” get passed through while the carbohydrates and vitamins in the potato starch dissolve in the stomach then this could be a big thing for them.

As far as plastic goes if you ever knew what margarine was made from you would realize there isn’t much difference from it and plastic either, that’s why I still only eat real butter.


30 posted on 02/03/2011 10:39:34 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: nina0113

We grow Mandarin Oranges in the US south except we call them Satsumas.

"While the species originates from Japan, it does not originate from the Satsuma Province in particular. The towns of Satsuma, Alabama, Satsuma, Florida, Satsuma, Texas and Satsuma, Louisiana were named after this fruit. By 1920 Jackson County in the Florida Panhandle had billed itself as the "Satsuma Capital of the World."

31 posted on 02/03/2011 10:42:33 AM PST by blam
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To: Abathar
"As far as plastic goes if you ever knew what margarine was made from you would realize there isn’t much difference from it and plastic either, that’s why I still only eat real butter."

I think fat-free mayonnaise is in the same category.

32 posted on 02/03/2011 10:44:35 AM PST by blam
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To: The Comedian

hmmmm

BTW

May get to the webbot stuff before class. If not, after.


33 posted on 02/03/2011 11:00:04 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: blam

Fat-free mayonnaise could be worse - they could’ve put that Olestra stuff in it.


34 posted on 02/03/2011 11:00:42 AM PST by Charles Martel (Endeavor to persevere...)
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To: hennie pennie

35 posted on 02/03/2011 11:02:53 AM PST by FromLori (FromLori">)
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To: The Comedian

36 posted on 02/03/2011 11:04:40 AM PST by houeto (Government derives its just powers from the consent of the governed.)
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To: Abathar; SgtHooper

37 posted on 02/03/2011 11:08:13 AM PST by Charles Martel (Endeavor to persevere...)
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To: Diana in Wisconsin
Looks like the only safe food to eat these days is dog kibble.

Feed the kibble to the dog. Eat the dog.

It's an extra layer of protection.

38 posted on 02/03/2011 11:09:32 AM PST by rogue yam
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To: houeto
Note to self..

..(1)...harvest the acorns this year....

(2)...look up Native Indian recipes for Acorn flour.

39 posted on 02/03/2011 11:11:28 AM PST by spokeshave (WTF....the only thing 0bambi's investments will get us is a bullet train to bankruptcy.)
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To: spokeshave

40 posted on 02/03/2011 11:14:45 AM PST by houeto (Government derives its just powers from the consent of the governed.)
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