Rice riots soon?

"Across Asia the suddenly stratospheric rice prices have prompted countries to ban exports amid fears that shortages could provoke food riots.

While prices of wheat, corn and other agricultural commodities have surged since the end of 2006, partly because of extra demand for biofuels to offset rising oil prices, rice held fairly steady.

However, prices for the staple food of about 2.5 billion Asian people rocketed two months ago. Thai rice, the global benchmark, which was quoted at just below $400 (£200) a tonne in January rose to $760 (£380) last week.

Aware that shortages of such a vital staple could spell trouble at home, Asian governments have moved to ensure their people get enough to eat at a price they could afford, an insurance policy which has in turn raised prices further."
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