Asia’s balooning inflation
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Submitted by 2point6billion.com Blog
A benchmark variety of Thai rice, a food stable across much of Asia, is at about US$1,000 a tonne, up threefold from last year. Meat prices have risen by 60 percent in Bangladesh in the year ending in March, and by 45 percent in Cambodia and 30 percent in the Philippines. The rise in global food prices has sparked riots last month in Egypt and Haiti, protests in other countries and restrictions on food exports in Brazil, Vietnam, India and Egypt.
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