Rice famine on the horizon.

http://www.bloomberg.com/apps/news?pid=20601087&sid=abXcOZzew7GI&refer=home

Rice, the worlds staple, is now going through a hoarding phase in the market. The fear of a short supply in the world market has countries as well as individuals scrambling.

If Thai land curbs its sales of rice we could see price double again. It is unfortunate that this hoarding actually does cause the market to react with high prices which knock out some countries like Bangladesh from the purchasing market. This is what will turn the "starvation curve" around and put more at risk-below poverty line families closer to starvation. This is the same pattern seen in previous rice famines........