Wednesday, July 09, 2008
Reference: D8 warns of disaster from food, fuel prices, Bangkok Post, July 9, 2008
It is reported that the main agenda item in a meeting of eight Islamic nations in Malaysia is the high price of rice (D8 warns of disaster from food, fuel prices, Bangkok Post, July 9, 2008). The price of rice rose rapidly in April and peaked at the end of that month. It has since fallen - so much so that now we have rice farmers protesting the low price of rice. It often happens that by the time bureaucrats respond to a problem the winds have shifted and only hot air remains.