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Agriculture and Rural Development

Rising food prices and East Asia: trends and options

Milan Brahmbhatt's picture

Soaring food prices have suddenly become a major concern for policy makers in East Asia.  The price of rice - which provides one third of the region's caloric intake - is a particular worry.  Rice prices have been moving higher since around 2004, although this was from very depressed levels in the early years of the decade.  Prices surpassed $300 a ton in early 2006 for the first time since the late 1990s, kept moving higher, and then took off at an accelerating pace from late 2007:  up 11 percent in the the fourth quarter, then 56 percent in the first quarter of 2008 an

For the record: The Bank is *not* warning about Thailand's rice export risks

Jim Adams's picture

I see there has been some blog chatter about the World Bank's position on Thailand's rice exports. Let me take the chance here to set the record straight: Thailand is a great international trading partner, it's commited to maintaining its rice exports, and we support this action. This is very important at this time of food price hikes and it's the responsible thing to do.

Rice prices - Viewed from Vietnamese fields

Flore de Préneuf's picture

I just returned from the Mekong Delta – Vietnam’s “rice basket” – to look at the results of development projects partly financed by the World Bank. With rice prices going through the roof, I expected to see farmers enjoying a financial boom. But, reality was more nuanced and underscored how difficult it is to grow more rice at the drop of a bamboo hat.

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