For two-thirds of the world’s population, rice is a commodity that they simply cannot live without. Notwithstanding the fact that it is not as nutritious as the cheaper substitutes like sweet potato, they simply have to have their steaming bowls or their day will not be complete. Moreover, should they fail to find rice stocked in store shelves, the consequence can be dire for the their government. Yes, people will fall in line for long hours, just to buy rice, at whatever price.

That is the simple story behind the commodity whose price within the last 12 months, rose more rapidly than petroleum’s.

For more information: http://www.rice-shortage.com

This entry was posted on Wednesday, July 9th, 2008 at 5:56 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.