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Asian countries consider cartel to curb spiralling cost of rice
Published Date: 04 May 2008
By Paul Alexander
in Manila
ASIAN countries are developing plans to tame the spiralling rice market, with Thailand proposing an Opec-style cartel for exporters and the Philippines shoring up supplies while aiming to end its status as the world's largest importer.
The moves come as prices for rice and other food staples rise rapidly around the world, sparking violent protests in Haiti and Egypt along with concerns of unrest elsewhere amid profiteering and hoarding.
The sudden crisis – the price of rice has
more than tripled since January – has experts calling for major changes in food production to improve crop yields and cut waste.
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Published Date: 04 May 2008
By Paul Alexander
in Manila
ASIAN countries are developing plans to tame the spiralling rice market, with Thailand proposing an Opec-style cartel for exporters and the Philippines shoring up supplies while aiming to end its status as the world's largest importer.
The moves come as prices for rice and other food staples rise rapidly around the world, sparking violent protests in Haiti and Egypt along with concerns of unrest elsewhere amid profiteering and hoarding.
The sudden crisis – the price of rice has
more than tripled since January – has experts calling for major changes in food production to improve crop yields and cut waste.
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Cool ! More Conflict !
