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OPEC-style rice cartel up
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by jayr_patron | May 1, 2008 at 10:54 pm
392 views | 20 Recommendations | 4 comments
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This exemplifies greatly how food can be used as a political tool.
The countries of Burma (Myanmar), Cambodia, Laos, Thailand and Vietnam have agreed in principle to form a rice price-fixing cartel similar to the Organization of Petroleum Exporting Countries (OPEC) as costs of the staple grain rocket, Thailand’s prime minister said on Wednesday.
Thailand’s Premier Samak Sundaravej said the grouping of Mekong nations would be called the Organization of Rice Exporting Countries (OREC).
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Sanjay Jha
New Delhi, India
goannamanor
Woodford, New South Wales, Australia
Most RecentMost Recommended Comments (4)
at 23:07 on May 1st, 2008
jayr_patron, I like this story. It's good stuff. Imagine if they all form a strong lobby group like OPEC then what will happen in the world. If fuel is esstential for the human kind so is the food.
at 00:53 on May 2nd, 2008
Thanks for the flag and the video attachment!
at 03:13 on May 2nd, 2008
You are welcome, Cheers
at 06:20 on May 2nd, 2008
I want to hear more about this... such food-based leverage goes on in impoverished regions on a smaller scale, but, should food and shipping prices continue to rise, rice could well be the next oil, at least in some areas.