Rice Futures Halted in Tokyo as Radiation Weighs On First Trades Since ’39  

Posted by Big Gav in , , , ,

Bloomberg reports that radiation fears are pushing up Japanese rice prices - Rice Futures Halted in Tokyo as Radiation Weighs On First Trades Since ’39.

Rice futures in Tokyo surged in their first appearance on the bourse since 1939, triggering a suspension of trade, on concern radiation from the stricken Fukushima nuclear plant may spread to crops and curb supply. ...

The exchange listed rice contracts today for the first time since the start of World War II to boost flagging volumes and profit. The resumption comes as fallout from the Fukushima Dai- Ichi power plant may spread after it was found cattle had been fed cesium-tainted rice straw. Spinach, mushrooms, bamboo shoots, tea, milk, plums and fish have been found to be contaminated with cesium and iodine as far as 360 kilometers (224 miles) from the station operated by Tokyo Electric Power Co.

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