Sign up | Log in



Home  >>   Daily News  >>   Asean News  >>   Agriculture  >>   Rice crisis could reappear
NEWS UPDATES Asean Affairs        27  May 2011

Rice crisis could reappear

Related Stories

August 23, 2010
Asean rice alliance formed

August  20, 2010
Philippines on food insecurity list

August 17, 2010
Philippines may need to import rice

July 8, 2010
Philippines aims for zero rice imports

Repeating the 2008 rice crisis that led to riots in the developing world cannot be ruled out as the cost of other agricultural goods surge, the International Rice Research Institute has warned.

The institute said the global rice market was delicately balanced as the grain had managed to avoid huge price rises thanks to stable weather in rice growing regions.

The cost of wheat surged 121 percent over the eight months to February, maize jumped 92 per- cent and sugar was 80 percent higher due to bad weather and rising global demand for commodities. However, at the same time rice prices rose just 17 percent due to good harvests in 2010.

But the IRRI, in its quarterly Rice Today magazine, said the possibility of panic-buying of the staple similar to three years ago could send prices soaring again. Rice prices nearly tripled from US$362 (S$448) a tonne in December 2007 to almost US$1,000 in April 2008 as stocks fell to 30-year lows amid surging global demand, IRRI data show.

'The rice sector has been fortunate to have escaped the wrath of the weather,' the magazine report said. 'However, similar panic actions by other rice-consuming countries may tilt the market to an override mode and possibly cause a repeat of 2008.'

The institute said rising prices of other food commodities had forced rice-eating countries such as Bangladesh, Indonesia and Myanmar to either dramatically boost their rice inventories or impose export bans. This echoed similar moves by major rice exporters in 2008, which led to the spike in prices, leading to riots in several developing countries.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    27  May 2011 Subsribe Now !
• Calls for Asians IMF head Subcribe: Asean Affairs Global Magazine
• Rice crisis could reappear Asean Affairs Premium
• Indonesia eyes new rules for overseas banks
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indian coal miner seeks Indo stake
• Petronas' earnings upgraded

• Philippines' inflation may be peaking

• Bangchak invests in solar

• Vietnam's economy gets positive EU review

Asean Analysis    27  May 2011

Advertise Your Brand
• New economic order in Asia Sponsor Our Events

Asean Stock Watch    27  May 2011

• Asean Stock Watch-May 27 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand