Asia’s Food Crisis Driving Broader Trade Shifts

Food prices in Asia continue to be above what they were prior to the 2007-2008 surge. Worse, there are signs that they may increase once again owing to the existence of similar conditions, such as excess demand and rising input prices due to the increasing cost of oil. Presently, rising food prices are leading to the region’s major economies re-orienting their food management policies — a step that is likely to be the harbinger of a tougher stance by the region on the Doha Round of trade talks as well as on climate change issues. The major rice-exporting countries of […]

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