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DTE publications

Poverty and the price of rice

Down to Earth No. 76-77 May 2008

Concerns about food security worldwide are growing as rice prices have more than doubled in many countries over the last year and global rice stocks are the lowest for decades. Meanwhile the Indonesian government needs to consider how to increase rice production and to protect the food supplies of the poor.

The United Nations Food and Agriculture Organization voiced concern when international rice prices rocketed to a 20-year high in late March with the global benchmark price at over US$500 per tonne.