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Main Page  »  News
View Article  Rice Rationing Spreads as Far as Israel
By JOSH GERSTEIN 
PALO ALTO, Calif. — Rationing of rice by retail stores has spread as far as Israel since The New York Sun reported on the phenomenon in Northern California last week.
The Blue Square and Supersol supermarket chains have begun limiting purchases of rice, Israeli newspapers said yesterday. Supersol is restricting each customer to "three bags per type of grain product," the Jerusalem Post reported.
Meanwhile, Asian grocery stores seem to be joining their larger wholesale-style competitors in curbing purchases. A supermarket chain which caters to Chinese Americans, 99 Ranch, is imposing two-bag-per-customer limits on most of its 20-pound and 50-pound sacks of rice, according to signs at its store in Cupertino, Calif. That store and others in the chain were selling rice without limitation a week ago.
Last week, Sam's Club announced it was limiting customers to four bags of imported Jasmine, Basmati, and long grain white rice. Costco had imposed such limits earlier, though they were not widely known until the Sun's report.
Trade associations for rice farmers and processors in America contend there is no shortage here, though prices for the grain have risen two to three times in recent months. However, there have been ...   more »
View Article  Food crisis sparks role reversal in WTO
The food crisis is bringing about a role reversal in the World Trade Organization: traditionally liberal major food exporters are now imposing restrictions on exports while protectionist states are pushing for liberalisation.
To deal with the recent hike in food prices, Argentina, Brazil, Vietnam, India and Egypt have all imposed limitations on the export of certain produce in order to ensure food security for their populations.
This is unusual for some of these countries. Argentina and Brazil, for instance, are part of the Cairns group, among the most aggressive proponents of liberalisation in the Doha round of trade liberalisation negotiations at the WTO.
The members of this group want the European Union and the United States to lower tariffs so they can export their food produce.
The direction taken by these developing nations is embarrassing their representatives in Geneva.
A Brazilian official told AFP that he "does not understand" his government's decision to announce Thursday a temporary stoppage of rice exports.
Brazil's government also said it was digging into its 1.6-million-ton reserve of rice to alleviate price pressure on the staple, which has become increasingly expensive worldwide as consumption grows in Asia, its main market.
"These measures concern stocks of ...   more »
View Article  U.N. and World Bank say to tackle food crisis
* U.N. to set up task force to handle crisis
* World Bank says export bans make matters worse
* India slaps export tax on basmati rice
* Thailand says to release stockpiled rice
* U.S. President Bush says deeply concerned (adds Ban Ki-moon speech in Geneva, new paragraphs 11-12)
By Laura MacInnis
BERNE, April 29 (Reuters) - U.N. agencies and the World Bank pledged on Tuesday to set up a task force to tackle an unprecedented rise in global food prices that is threatening to spread social unrest.
The international bodies called on countries not to restrict exports of food to secure supplies at home, warning that could make the problem worse.
"We consider that the dramatic escalation in food prices worldwide has evolved into an unprecedented challenge of global proportions," the United Nations said in a statement.
This had become a crisis for the world's most vulnerable people, including the urban poor, it said after a meeting of 27 international agency heads in the Swiss capital, Berne, to chart a solution to food price rises that have caused hunger, riots and hoarding in poor countries.
"Though we have seen wheat prices fall over the last few days, rice ...   more »