Soaring Food Prices Cause a Run on RIce
[...]
The price of rice globally has now nearly trebled since the start of the year, sparking food riots in African countries and Haiti and adding to growing fears that millions of the world's poor may soon struggle to feed themselves.
China, Vietnam and India have curbed rice exports to safeguard domestic supplies. Thailand, which ships one third of the world's exports, may also restrict sales, a World Bank official said this week.
Benchmark Thai rice prices leapt more than 5 per cent to a record high above $1,000 a tonne today.
[...]
The price of rice globally has now nearly trebled since the start of the year, sparking food riots in African countries and Haiti and adding to growing fears that millions of the world's poor may soon struggle to feed themselves.
China, Vietnam and India have curbed rice exports to safeguard domestic supplies. Thailand, which ships one third of the world's exports, may also restrict sales, a World Bank official said this week.
Benchmark Thai rice prices leapt more than 5 per cent to a record high above $1,000 a tonne today.
[...]
Labels: globalization. Soaring Food Prices. Agricultural Industrial Complex
posted by TheFuriousGourmet | 6:46 AM
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