Grain prices soar globally (Governments Curb Exports, Fight Theft)
CS Monitor ^ | 03/27/08 | Daniel Ten Kate
Posted on 03/31/2008 6:22:27 AM EDT by TigerLikesRooster
Grain prices soar globally
Rice shortages are appearing across Asia. In Egypt, the Army is now baking bread to curb food riots.
By Daniel Ten Kate | Correspondent of The Christian Science Monitor from the March 27, 2008 edition
Bangkok, Thailand - - Rice farmers here are staying awake in shifts at night to guard their fields from thieves. In Peru, shortages of wheat flour are prompting the military to make bread with potato flour, a native crop. In Egypt, Cameroon, and Burkina Faso food riots have broken out in the past week.
Around the world, governments and aid groups are grappling with the escalating cost of basic grains. In December, 37 countries faced a food crisis, reports the UN Food and Agricultural Organization (FAO), and 20 nations had imposed some form of food-price controls.
In Asia, where rice is on every plate, prices are shooting up almost daily. Premium Thai fragrant rice now costs $900 per ton, a nearly 30 percent rise from a month ago.
Exporters say the price could eclipse $1,000 per ton by June. Similarly, prices of white rice have climbed about 50 percent since January to $600 per ton and are projected to jump another 40 percent to $800 per ton in April.
(Excerpt) Read more at csmonitor.com …
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March 31, 2008 at
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