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Thursday, May 1, 2008

Rice Cartel -Coming to a famine near you

In a new twist to shrinking food supplies and national hoarding 5 Asian countries lead by Thailand and including Vietnam, Cambodia, Myanmar and Laos are considering forming a rice cartel.

These countries represent a a large portion of the rice export market and such a cartel could ensure prices stay high for a long time, in other words they've got the market by the short hairs and don't want to let go.

To be fair, none of these countries are rich and I can see why they would use this opportunity to better their own existence, but it's not a good sign for worlds poorRecommend this Post

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