[ExI] rice price

scerir scerir at libero.it
Wed Apr 9 22:55:39 UTC 2008

Damien wrote:
> Uh-oh:
> LONDON and BANGKOK -- 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.

It seems there are riots around the world because of rising 
prices. An Egyptian daily newspaper reports that 12,000 
people have been arrested for selling flour on 
the black market. Rice prices, meanwhile, rocketed 
from just over $200 per ton last October to $430 
at the end of March. The government responded on April 1 
by suspending rice exports for six months.

Not to mention that corn (and tortillas) price jumps to record 
also because of biofuel.

More information about the extropy-chat mailing list