December 07, 2009
Signs are emerging that another rice price crisis may be underway, with the Philippines engaging in aggressive buying practices. Once again, it’s the world’s poor who would suffer. Last year, CGD non-resident fellow Peter Timmer and rice-market expert Tom Slayton helped to burst a speculative bubble that had driven prices to record highs. Now they warn that another crisis is in the making unless Asian countries act to avert it.