Myanmar’s rice-growing heartland has been devastated by Cyclone Nargis, posing worries of long-term food shortages for the impoverished country and political problems for its military regime, experts said Wednesday.
Rice futures sank to a six-week low Friday, falling for a fifth day on hopes that exports from Pakistan and Japan will ease fears of a shortage of the staple consumed by half the world’s population.
The U.N. food agency says cyclone-battered Myanmar faces prolonged food shortages if farmers are not able to return to their fields in the next 90 days.
Rice prices in Myanmar’s capital have surged 50 percent since deadly cyclone Nargis, which flooded entire rice-growing areas, a United Nations food agency said Monday.
A U.N. food agency says rice prices in the capital of Myanmar have surged 50 percent since a devastating cyclone.
Dipping its left wing, a canary-yellow biplane makes a sharp turn and dives over a flooded field, showering rice on the shallow water 15 feet below.
Rice futures surged Thursday on worries that devastation to Myanmar’s rice-growing heartland could lead to widespread shortages and worsen the global food crisis.
Rice futures surged Thursday on worries that devastation to Myanmar’s rice-growing heartland could lead to widespread shortages, worsening the global food crisis.
Cyclone Nargis has devastated Myanmar’s agriculture heartland, known as its rice bowl, experts said Wednesday, and could result in long-term food shortages for the impoverished country.
Thailand is dropping plans to create a Southeast Asian rice cartel that would have fixed the price of the skyrocketing commodity over food security concerns, the country’s foreign minister said Tuesday.
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