5 Asian Nations Are Weighing a Rice Cartel |
| New York Times - May 2, 2008 |
The prime minister of Thailand, Samak Sundaravej, said Wednesday that his government would try to create a cartel of rice-producing countries in partnership with Vietnam, Cambodia, Myanmar and Laos.
Soaring Food Prices Imperil Meals for Poor in Cambodia (April 30, 2008) “We don’t aspire to be like OPEC, but we hope to be just a group of five to help each other in trading rice on the world market,” Mr. Samak was quoted as saying in The Nation newspaper.
Governments in Thailand, the world’s largest rice exporter, have for many years toyed with the idea of using their dominant market position to influence the price of rice in the same way that the Organization of the Petroleum Exporting Countries tries to set crude oil prices.
Read Full Article from New York Times
- Posted: 2008-05-02 08:46:23
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