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Saturday, April 12, 2008 |
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High prices of rice to remain for two years
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Focus on looking for solutions, not on panicking, say
rice experts
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Rice prices are likely to keep rising for some time as production of
the popular cereal fails to keep up with soaring demand, the
International Rice Research Institute (IRRI) said Friday.
The institute is based in Los Baños town,
Laguna province, south of Manila.
Speaking also in Los Baños during a meeting
called by the institute’s board of trustees, an official of an
Asian rice organization said the currently high prices of the staple
of millions worldwide will last for 24 more months.
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O T H E R R E P O R T S
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Rice subsidies may impact on infra projects
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The government’s major priority projects are
under threat of being shelved this year, as authorities divert money
to efforts averting a rice crisis, a former Cabinet official said.
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Farm, energy prices trigger world inflation
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PARIS: A resurgence in worldwide inflation in the past several
months has been principally powered by rises in the price of food
and energy, exacerbated by galloping demand in fast-growing emerging
markets.
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RP calls for Asian food meet to
curb surging prices of goods
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The Philippines has urged Asian governments to hold talks on the
sharply escalating cost of food, officials said Friday as China
rebuffed a bid by Manila to buy wheat.
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Convicted Magdalos apologize for
Oakwood mutiny, ask for pardon
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Nine Army officers jailed for their part in a
failed coup in 2003 apologized for their rebellion and sought a
pardon during a press conference in Fort Bonifacio, Taguig City, on
Friday.
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UN not easy for militants to influence
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Left-leaning groups lobbying for the removal of
the Philippines from its membership in the United Nations Human
Rights Council cannot succeed because the world body is highly
independent, Malacañang said.
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