Rice price hike hits world's poor
RICE prices hit $1,000 a tonne for the first time yesterday — raising fears that recent surges in food prices could lead to mass starvation in the Third World.
The new hike came after Indonesia followed India, Egypt and Vietnam in limiting rice exports to protect their own stocks.
Rice is the staple food of three billion of the world’s poorest people in Africa and Asia. There have already been riots in Haiti, Bangladesh and the Ivory Coast due to widespread shortages. Rice crops have been hit by climate change and the move towards growing bio-fuel crops.
The new hike came after Indonesia followed India, Egypt and Vietnam in limiting rice exports to protect their own stocks.
Rice is the staple food of three billion of the world’s poorest people in Africa and Asia. There have already been riots in Haiti, Bangladesh and the Ivory Coast due to widespread shortages. Rice crops have been hit by climate change and the move towards growing bio-fuel crops.
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