Friday, March 28, 2008

Rice Prices Increase 30% on Global Market

Heard on NPR this am: on commodity markets rice prices increased 30% yesterday.

Bulk rice prices at the Food Coop haven't increased since last December but be prepared for an increase.

The Christian Science Monitor has a very interesting article on the horrific effect of grain shortages around the world. Rapidly increasing oil prices which cause increases in price of fertilizers and cost of transportation coupled with severe droughts in Australia and the Ukraine.

According to the CSM, Vietnam, India and Pakistan have banned grain exports in an attempt to protect the supply of these basic foods for their poorest citizens.

-Click here to read this alarming article-

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