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Former Member
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rice prices cause shortage

"The United Nations' WFP helps feed 1.8 million Cambodians (out of a population of 13 million) by providing rice to the ill, orphans, poor farmers, and hungry children.

"In March, panic buying – and hoarding – hit global rice markets.

"Five of his suppliers – with a combined outstanding contract for 4,000 tons of rice – abruptly defaulted, unable to secure the rice at the prices ($390 a ton) they had promised."
http://news.yahoo.com/s/csm/20080521/wl_csm/o...ZFdAfdnzvODF3a_Xd8BEEtbAF
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[Edit 1 times, last edit by Former Member at May 23, 2008 5:06:44 AM]
[May 23, 2008 5:00:35 AM]   Link   Report threatening or abusive post: please login first  Go to top 
Former Member
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Re: rice prices cause shortage

"The United Nations' WFP helps feed 1.8 million Cambodians (out of a population of 13 million) by providing rice to the ill, orphans, poor farmers, and hungry children.

"In March, panic buying – and hoarding – hit global rice markets.

"Five of his suppliers – with a combined outstanding contract for 4,000 tons of rice – abruptly defaulted, unable to secure the rice at the prices ($390 a ton) they had promised."
http://news.yahoo.com/s/csm/20080521/wl_csm/o...ZFdAfdnzvODF3a_Xd8BEEtbAF

One of the uncomfortable truths about food aid is that it tends to suppress local production. Farmers can't compete in the marketplace with "free". sad
[May 25, 2008 9:00:14 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Rickjb
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Re: rice prices cause shortage

It's not just freebie food aid that causes shortages ...
Here in Australia - driest "inhabited" continent on the planet - we grow rice, and used to export it. But there's no water in at least 1 of our main irrigation areas, the Murrumbidgee in New South Wales, and the drought is probably permanent to some extent. The Ricegrowers' Coop there is offering growers A$550/ton up front, vs about A$330 last year, but there are very few takers. Rice in our supermarkets is now Product of Thailand or India. What's that doing to the prices in those countries?
Aust average annual rainfall trend map(s)
Eventually we need to be feeding fewer mouths! Meanwhile we can try to increase the supply of rice or develop acceptable substitutes. Can we breed dryland rice?

Trivia? A Chinese friend told me that rice is not The traditional Chinese carbohydrate, except in the south. In much of the country, especially the north, it's way too cold to grow rice, and barley was the staple food until more modern transport spread the rice habit. Bing (tr: Ice) was born up north in Harbin, so he should know.
[May 30, 2008 6:37:53 PM]   Link   Report threatening or abusive post: please login first  Go to top 
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