BOSTON, Massachusetts: Both rice and wheat supplies are now facing alarming shortages. The prospect of another world food crisis that would rival those in 2007 to 2008, 1972 to 1974 and 1966 to 1968 is front-page news.COVID-19 supply disruptions
Indonesia demonstrated the lessons it has learned when it steered the 2022 G20 Summit in Bali to a dramatic declaration that started with a primer on food security. It is uncertain if India, the current G20 chair, can provide similar leadership on calming an increasingly turbulent world food economy.needs to be understood in this context. Food security begins at home, and the general election scheduled for the spring of 2024 has politicians’ eyes focused on stabilising staple food prices.
from heat and floods. The exact level of rice stocks is a state secret but they are by far the largest in the world. Still, they are dispersed geographically, which somewhat limits central government access and control. Japanese rice stocks are smaller now than in 2007, but even an offer of half a million tonnes to the neediest buyers in the region could calm any panic buying.RICE PRICES SET TO RISE
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