Rice Crisis in the Philippines
Apr 8th 2008greenbucksCurrent Events & Environment & Money Watch & Philippines & World Watch
It is not just the Philippines that suffer the rising price of rice (and just about all other commodities, be these edible or not).
Asian states have shortages citing extreme weather, rise in demand for food in fast growing places, price hike due to hoarding , low stockpile and long term lack of agricultural investment.
The Egyptians are also suffering from price hike of food.
India, with over a billion in population is likely to suffer or has already been suffering food crisis.
Australia‘s drought means no food too.
What has been happening to the cost of food across the globe?