Sunday, April 27, 2008
This article is about the rising prices of rice :D
click on the picture to enlarge it if you can't see yah? (:
According to THE NEW PAPER (27th Apr 2008), the supply of rice is decreasing as major rice producing and rice exporting countries start to curb exports.
Thailand, the world's largest exporter, has seen merchants intentionally withholding grains to jack up prices.
Vietnam, the world's third largest exporter imposed a 22% cut in exports, contributing to the rise in prices.
In Bangladesh, the cyclonic weather caused severe flooding and destroyed rice crops in November last year.
With the supply of rice decreasing, price is expected to rise even more and the poor would be the most adversely affected.
with love,
Jasmine Kwok.
Jasmine Kwok
