By WILLIAM BOOT
The Irrawady News
BANGKOK — Alarms about a possible new Asian rice crisis on the back of last year’s “shortages” may be nothing more than scaremongering to keep prices up while a much more serious problem is developing almost unnoticed.
New shortage fears surfaced around the sidelines of an international rice conference in the Philippines last month and have been repeated since.
They have been based on reports of bad weather slashing crop volumes in India, the Philippines and Vietnam.
But the fact is that record quantities of rice are being hoarded by key producers Thailand, India and China.
No comments:
Post a Comment