Asian Tribune Sun, 2008-05-04
Fried, boiled or steamed rice is synonymous with good wholesome food and politics of rice has dominated Asia for decades. The largest rice growers in the world, China, Thailand Vietnam and Burma are getting frantic calls for rice from many countries these days.
USA is the latest region to face a sharp rise in the price of rice for fifteen million people of Asian descent living here. Increased demand from rapidly developing nations such as China, the use of crops for bio-fuels, global stocks at 25-year lows and market speculation are blamed for pushing prices of wheat, corn and rice to record highs. A rice farmer in Silicon Valley in northern California reportedly made million dollars overnight as prices spiraled. The flow of rice supplies to the needy has not been properly regulated. World Trade Organization has to look into this seriously. They are meeting in May.
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