Asia braced for Thai rice shock
Flood damage and government subsidies in the world’s biggest rice exporter could push up prices across the continent.
Published On 3 Nov 2011
With 650,000 people rendered jobless due to the worst flooding in the nation, the economic toll of Thailand’s flooding are now reaching the rest of the Asian continent. Rice crops buried deep under water are likely to increase food prices across the world’s largest continent.
As Al Jazeera’s Wayne Hay reports from Nonthaburi, the world’s largest rice exporter now faces difficult issues in relation to the crop’s production.
Source: Al Jazeera