The global food crisis has been getting a lot of well deserved press recently, and while several different crops have experienced varying levels of inflation, I thought I'd look at rice in particular. Although rice isn't a staple crop in America the way wheat and corn are, it's very much a staple crop here in Asia. Asian reactions to the price increases for rice have varied dramatically. Singapore, for example, has tried to reassure the public that there is plenty of rice while keeping price controls off and allowing companies to bring in additional supplies above and beyond what's normally imported to hedge against any future supply shocks. On the other hand, some other countries in this region (e.g., Vietnam, India and China) have temporarily banned the export of rice.
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