Paul,

>>> Enough of politics, but I find this situation quite alarming.

In general, food prices are primarily going up because oil prices are
increasing.  Food production needs energy.

Biofuels are also pushing up food prices also.

However, rice is going up for other reasons.  The WSJ has the story:

   Rice Hoarding Pressures Supplies
   Growers Across Asia Hold Back Crops For Higher Prices
   http://tinyurl.com/6qdjb5

There is nothing to be alarmed at, unless you live in a country like Hati.

Richard   

-----Original Message-----
From: Paul Ferguson [mailto:[EMAIL PROTECTED] 
Sent: Tuesday, April 22, 2008 9:00 PM
To: [EMAIL PROTECTED]
Cc: [email protected]
Subject: Re: [funsec] Completely Off-Topic: Food Rationing Confronts
Breadbasket of the World

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- -- "Richard M. Smith" <[EMAIL PROTECTED]> wrote:

>India is restricting rice exports.  You'll have to buy domestic instead:

>U.S. Rice Sector Has Promising Outlook
>http://sev.prnewswire.com/agriculture/20080420/NYSU00120042008-1.html

>Kingdom to Put Pressure on India to Ease Rice Exports
>http://www.arabnews.com/?page=6&section=0&article=109129&d=20&m=4&y=200
>8

Ironically, this:

"Aid agency warns of 'silent tsunami' of hunger"
http://www.msnbc.msn.com/id/24262084/

Of course, the reference to a "perfect storm" include several factors,
including U.S. policy to subsidize Biofuel development with grain (which the
UN calls a "crime on humanity").

- - ferg

p.s. Enough of politics, but I find this situation quite alarming.

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet  fergdawg(at)netzero.net  ferg's
tech blog: http://fergdawg.blogspot.com/

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