Article: ASIA: REGION CONTENDS WITH SOARING RICE PRICES, INFLATION RATES

Bruce Lim
Inter Press Service English News Wire
07-16-2008
BANGKOK, Thailand, Jul. 15, 2008 (IPS/GIN) -- In Singapore,
where almost 100 percent of foodstuff is imported, the government
has allowed private importers to increase buffer stocks.
Meanwhile the Philippines, the world's largest importer of rice,
has been busy trying to secure shipments from producers such as
China and Pakistan.
Both producers and importers of rice in Asia are continuing to
feel the pinch of the rise in rice prices amid inflation that has
been climbing in many countries over the last four months.
The average export price of rice has nearly doubled to $585 per
metric ton today, compared to $326 in 2007, according to ...

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