"The international rice market is currently facing a particularly difficult situation with demand outstripping supply and substantial price increases," said FAO Senior Economist Concepcion Calpe.
"China can have the confidence to focus on forward looking policies and structural reforms," said Louis Kuijs, Senior Economist and main author of the Update.
According to Zillow Senior Economist Svenja Gudell, under current conditions the median U.S. home value will likely fall another 3 percent to 5 percent and not reach trough until 2012 at the earliest.
