Commentary: Rice export bans and price caps are a food crisis risk for Asia

RICE RISING Quick Need

Sadly, the lessons learned from the rice price spike between 2007 and 2008 — when the grain cost more than tripled and then quickly rose to above$ 2,000 per tonne( USD )— have not been taken into account. Then & nbsp, export restrictions, price caps, and hoarding created a difficult and tragic situation. Asia today runs the same risk of outcome.

Asian countries andnbsp clearly need to guard their vulnerable populations from sharp increases in food costs, but they also have more complex tools at their disposal than common export restrictions and one-size-fits-all price caps. Targeted assistance, such as through robust security safety nets, is more effective and much less expensive. In addition, & nbsp,

Current issues with The & nbsp highlight the need to support increased rice production. The good news is that Eastern governments have learned a number of lessons from the food crisis that lasted from 2007 to 2008, as well as from stepping up support for their producers. Since therefore, production has posted records nearly every year.

Yet in 2023, production and nbsp are predicted to reach an all-time high due to droughts linked to El Nino. The bad news is that demand is increasing even more quickly as a result of Asia and Africa’s declining severe poverty and booming people growth.

Institutions require production even more in order to keep up. Andnbsp, That’s challenging in a time of climate change when everyone is attempting to cut back on fertilizer and water usage.

One choice is to make additional investments in better grains, including physically modified ones. China has long opposed genetically modified organisms, but now it is opening the door, beginning with wheat.

To prevent crop losses after harvest, another option is to enhance & nbsp, farming infrastructure, including silos. Regional development banks could do much more to channel money in the latter & nbsp area. & nbsp,

Asia needs to adopt the curve and allow free markets to operate more than attempting to stretch the supply and demand diagrams. Magno has returned to & nbsp and is currently teaching a course on public economics. All we can hope for is that some officers and nbsp visit her course. & nbsp,

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Rice farmers rejoicing but consumers frowning in Thailand amid global price spikes and shortages

Earlier this month, Thai local media reported that a clean while had greatly impacted thousands of acres of rice grounds in the northern county of Phichit. In addition, & nbsp,

Unpredictable weather patterns have seriously threatened the corn crops of grower Weerada Wongsuwan in another state, Nakhon Pathom.

The 44-year-old told CNA that usually I’ll get to land three times a month, but this year I can only do it double due to the storms.

She claimed that El Nino has already issued warnings to farmers about potential droughts out of concern that she might not be able to land if there isn’t enough liquid available. & nbsp,

” I’ll have to do something else if I didn’t develop corn.” I’m growing greens on the side because of this. She continued,” I just have to try.

Important wheat importers in Southeast Asia have implemented measures to stop accumulating and regulate market prices in the wake of the global rice lack.

For example, the government in the Philippines has set price caps on grain across the country and regularly inspects its warehouses.

On September 7, a purchase limit was put in place in Malaysia to regulate retail purchases. Now, consumers are permitted to purchase 10 bags of 10 kg of grain annually. & nbsp,

A lot will depend on El Nino’s effects and whether another significant wheat exporters, such as Vietnam and Thailand, maintain trade amounts and abstain from enacting their own restrictions, according to Mr. Glauber.

A DIFFICULT Potential FOR THAI RICE

The future of Thai corn may not be as promising as several think, according to a recent review by the University of the Thai Chamber of Commerce.

The study found that over the previous ten years, its yield per rai( 0.16ha ) decreased. Thai fields averaged 463 kg of wheat per ray in 2012, but by 2022, that number had decreased to 445 kg. & nbsp,

Thailand’s performance was significantly lower than that of major rivals like India and Vietnam, which last year produced 1, 107 kg and 978 kg of grain per rai, both. & nbsp,

The same study also found that Thai grain farmers had the fewest savings per ray left over from the previous month out of all those in Southeast Asia.

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Former Thai PM Thaksin eligible for parole in February

BANGKOK: According to a top changes standard, Thailand’s former prime minister Thaksin Shinawatra may get released on parole as early as late February after having his eight-year prison sentence reduced to one year after returning from self-exile. The most well-known politician in Thailand made a spectacular comeback last month, 15Continue Reading