Rice is the basic staple food for much of the world.
Shortage drives rice prices to record high
Alia McMullen, Financial Post
Published: Friday, April 04, 2008
The global rice shortage has forced prices of the grain to record highs, pushing one of the world's most important staple foods out of reach for those that depend on it most.
"The international rice market is currently facing a particularly difficult situation with demand out stripping supply and substantial price increases," Concepcion Calpe, senior economist for the Food and Agriculture Organization of the United Nations said in Rome.
The FAO predicts...(complete article here).
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