Thursday, November 03, 2011

How Fear Drove World Rice Markets Insane

I heard this piece on NPR yesterday evening, and found it interesting. It's a different angle on the global food supply, and great insight into the crazy web we've built up.


Nothing is more basic and simple than food. Yet it comes to us courtesy of a long, complicated supply chain that spans the globe.

That chain delivers food cheaply — but it can break. Four years ago, it blew up in most spectacular fashion, affecting hundreds of millions of people who rely on rice for sustenance. That crash — the great rice crisis of 2008 — was a true disaster for some of the poorest people in Asia and West Africa.

And the most frightening thing about it is that no one can guarantee that it won't happen again — because the decisions that created it were all, somehow, perfectly reasonable.

Continue Reading and/or Listen to the Radio piece.

update: As a side note, here is a great link to information on how to grow your OWN rice! In a container! On your patio! As a burgeoning urban farmer, I really like this type of thing.

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