CGD NOTES
Unwanted Rice in Japan Can Solve the Rice Crisis--If Washington and Tokyo Act
May 09, 2008
The loss of rice production in Myanmar is worsening the crisis in world rice markets, where prices have trebled this year. Meanwhile, Japan has 1.5 million tons of surplus rice, most of it imported from the U.S. Releasing this rice to global markets would prick a speculative bubble and bring rice p...