After a record-setting week, the price of rice dropped 3 percent following announcements yesterday that the United States had accelerated its rice planting and that, more importantly, major rice exporters Thailand and Brazil would not impose export bans.
The news may be a drop in the bucket compared to the world-wide "silent tsunami" of inflated food prices (last month saw a 57 percent increase), but as this week's Tuesday Map shows, Thailand's decision to stay in the game was very much needed:
Three of Asia's top rice exporters shown above (China, India, and Vietnam) have already cut their rice exports this year, leaving neighboring importers high and dry. And according to the U.N. World Food Program's executive director, who spoke with FP during her recent visit to Washington, the countries who have the greatest potential for massive unrest, suffering, or starvation are "import-dependent countries, because we're seeing a strain on their capabilities to obtain enough food to meet their needs."
But the global food crisis is unfortunately not limited to import-heavy countries. The WFP estimates that more than 100 million people around the world could soon be without food. The problem has already reached great enough proportions that 33 countries have already seen hunger-driven, social unrest.
Today, U.N. Secretary-General Ban Ki-moon announced he would chair a U.N. task force to create and carry out a response action plan. Let's just hope his efforts don't prove too little, too late.
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