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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: muawiyah
My Rocket (cat) is allergic to grains, so I’ll just deep fry them in bacon grease (he likes that). Thanks for the suggestion.
I must look up how to get the pelt off in one easy step so I can make a squirrel-skin rug or two for my dollhouse.
And a squirrel skull will be nice company for the skunk skull I have on the mantle.
61
posted on
02/03/2011 1:57:43 PM PST
by
TheOldLady
("20 Years Ago Desert Storm began...where were you...?" "I believe I was hitting it." - Lazamataz)
To: TheOldLady
If it came down to it, I would have no qualms about making squirrel stew for dinner for us and the cats.And when the squirrels are gone the cats will be happy to make 'you stew'...
62
posted on
02/03/2011 2:33:48 PM PST
by
null and void
(We are now in day 744 of our national holiday from reality. - 0bama really isn't one of US.)
To: null and void
And when the squirrels are gone the cats will be happy to make 'you stew'... The beauty of the Cycle of Life...
Today is a good day to die.
I didn't say for whom.
63
posted on
02/03/2011 2:39:11 PM PST
by
The Comedian
(It's 3am all over the planet.)
To: The Comedian; Darksheare
For a cat, the line between crazy cat lady and crazy lady cat food can be very thin.
64
posted on
02/03/2011 2:43:27 PM PST
by
null and void
(We are now in day 744 of our national holiday from reality. - 0bama really isn't one of US.)
To: null and void
Well, can they eat the Fancy Feast first? We have a rather large supply...
65
posted on
02/03/2011 2:43:48 PM PST
by
TheOldLady
("20 Years Ago Desert Storm began...where were you...?" "I believe I was hitting it." - Lazamataz)
To: TheOldLady
Absolutely!
The only real advantage to being a cat lover is that you can still feed them when you’re gone...
66
posted on
02/03/2011 3:16:32 PM PST
by
null and void
(We are now in day 744 of our national holiday from reality. - 0bama really isn't one of US.)
To: SgtHooper
And bleeding shredded innards as plastic works its way through you. *SHUDDER*
67
posted on
02/03/2011 3:23:21 PM PST
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
To: mojito
Keith Laumer's Groaci in the
Retief science fiction novels were representative of the Soviets, but they'd do just fine as proxies for the Chinese Communists today:
Retief: "Come on Shilth, even you have to confess it was a bit much, selling plastic frankfurters to those poor backwards hot dog lovers."
Groaci: "How were we to know their inferior metabolisms were incapable of assimilating wholesome polystyrenes?"
Cheers!
68
posted on
02/03/2011 3:50:59 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: no-to-illegals
"Plastics."
Cheers!
69
posted on
02/03/2011 3:52:45 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: grey_whiskers
Cheers!
That photo brings back a host of memories. Thank You.
70
posted on
02/03/2011 4:52:47 PM PST
by
no-to-illegals
(Please God, Bless and Protect Our Men and Women in Uniform with Victory. Amen.)
To: TheOldLady
Starve the squirrels? EAT the squirrels!! I’ll bet the acorns they eat would give them a lovely background flavour!
That way you can have your flour, and eat meat, too!
71
posted on
02/03/2011 5:07:02 PM PST
by
Don W
(Only a Biker knows why a dog sticks his head out of a car window.)
To: mojito
We need someone to photoshop Bernanke's face on it...
Cheers!
72
posted on
02/03/2011 5:07:43 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: TheOldLady
If the squirrels by your place are anywhere near as prolific as the ones up here, you have a nearly inexhaustible supply. At least until your neighbours learn how tasty the little boogerheads are.
73
posted on
02/03/2011 5:12:09 PM PST
by
Don W
(Only a Biker knows why a dog sticks his head out of a car window.)
To: null and void
The only real advantage to being a cat lover...Spoken like a man with a dog. Dogs will also eat you when you are too dead to feed them. But once you're dead, would you care? Sure, it's icky for the people who find you and have to clean up the mess, but would you care?
You can't make me stop liking you, nully.
74
posted on
02/03/2011 5:37:13 PM PST
by
TheOldLady
("20 Years Ago Desert Storm began...where were you...?" "I believe I was hitting it." - Lazamataz)
To: Don W
I was just teasing the hunters. I have nothing against killing and eating my food.
We have only one neighbor because we live in a small forest in the middle of thousands of acres of cornfields.
75
posted on
02/03/2011 5:45:44 PM PST
by
TheOldLady
("20 Years Ago Desert Storm began...where were you...?" "I believe I was hitting it." - Lazamataz)
To: rogue yam
76
posted on
02/03/2011 5:54:30 PM PST
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
To: The Comedian
77
posted on
02/03/2011 7:47:38 PM PST
by
SunkenCiv
(The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
To: hennie pennie
Whoops, and thanks hennie pennie!
78
posted on
02/03/2011 7:47:56 PM PST
by
SunkenCiv
(The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
To: TheOldLady
Dogs will also eat you when you are too dead to feed themYeah, they will. That happened to a freind of mine.
79
posted on
02/03/2011 8:05:55 PM PST
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: Smokin' Joe
Sorry for your loss of a friend.
80
posted on
02/04/2011 5:11:04 AM PST
by
TheOldLady
("20 Years Ago Desert Storm began...where were you...?" "I believe I was hitting it." - Lazamataz)
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