Monday, April 21, 2008

Global rice crisis

by:薛涌

Hong Kong "Economic Herald,"Lin Yi c/, loans, inflation, economic recession, all of which let the world feel Too Heavy to Bear, the soaring grain prices yet World Skin Dip the main point.(chinesenewsnet.com)




According to statistics, the world's major grain prices since 2005 has risen to 80%. This year, rice prices to 19-year high, on April 7, the Chicago Mercantile Exchange, the price of rice futures rose 2.4 percent to a record 20.985 US dollars/100 pounds (about 0.463 US dollars/kg), the prices of the year twice before, and since 2001 is up five times. According to the United States Department of Agriculture data, global rice stocks would drop to 75.2 million tons, set in the 1980s on the lowest point since about half of the beginning of this century.(chinesenewsnet.com)




Rice is half of the world population's daily staple foods, prices affecting the people's feelings. Global rice exporting countries Vietnam, India and Egypt substantially reduce rice export volume, the global supply decreased by one third.(chinesenewsnet.com)




March 27 Cambodia, and Egypt announced a ban on rice exports. The next day Vietnam, said that this year's rice exports will be greatly reduced 22%. India on the same day announced that he would export rice minimum price of a hefty increase nearly 50%, to 650 US dollars per ton from 1,000 US dollars per ton, to ease the pressure of domestic inflation.(chinesenewsnet.com)




Indeed, as Wall Street's lack of confidence in the global financial markets brought to a crisis storm, and from Cairo, Egypt, to New Delhi, India, "the rice shortage"is jeopardizing global food supply in the world, creating a tense situation, and may even trigger violence.(chinesenewsnet.com)




April 6, Cairo strikes many residents to strike to protest the increase in food prices and fast, and finally turned into riots. On the 8th of the hungry poor impact of the Haitian capital of Port-au-Prince's Presidential Palace, also attacked the protesters on a market, and demonstrations almost turned into looting

original link:http://blog.sina.com.cn/s/blog_45f00ef401009j65.html

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