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High Rice Cost Creating Fears of Asia Unrest
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| Parent(s) |
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| Contributor | kal |
| Last Edited | kal Mar 29, 2008 07:57am |
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| Category | General |
| Media | Newspaper - New York Times |
| News Date | Saturday, March 29, 2008 01:00:00 PM UTC0:0 |
| Description | Rising prices and a growing fear of scarcity have prompted some of the world’s largest rice producers to announce drastic limits on the amount of rice they export.
The price of rice, a staple in the diets of nearly half the world’s population, has almost doubled on international markets in the last three months. That has pinched the budgets of millions of poor Asians and raised fears of civil unrest.
Shortages and high prices for all kinds of food have caused tensions and even violence around the world in recent months. Since January, thousands of troops have been deployed in Pakistan to guard trucks carrying wheat and flour. Protests have erupted in Indonesia over soybean shortages, and China has put price controls on cooking oil, grain, meat, milk and eggs.
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