Jump in rice price fuels fears of unrest
By Javier Blas in London and Daniel Ten Kate in Bangkok
Published: March 27 2008 18:30 | Last updated: March 28 2008 09:06
Rice prices jumped 30 per cent to an all-time high on Thursday, raising fears of fresh outbreaks of social unrest across Asia where the grain is a staple food for more than 2.5bn people.
The increase came after Egypt, a leading exporter, imposed a formal ban on selling rice abroad to keep local prices down, and the Philippines announced plans for a major purchase of the grain in the international market to boost supplies. Global rice stocks are at their lowest since 1976.
FT.com / MARKETS / Commodities - Jump in rice price fuels fears of unrest
0 comments:
Post a Comment
I hate having to fill out a form just to post a comment, but I have had to add that thing where you have to type in the letters that you see in the graphic to be able to post a comment, because I was getting nasty spam stuff. You can still choose anonymous.
If you have relevant links or resources, please put them in the comments and I will certainly check them out!