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Word of a possible rice cartel
If the world didn't have enough with an oil cartel, now there is talk about a rice cartel. The prime minister of Thailand said Wednesday that his government is going to try to get together with Vietnam, Cambodia, Myanmar and Laos to coordinate when trading rice.
The is just an idea for the moment. But, if it became a reality, it would have the potential of maintaining rice prices up there at record highs. Needless to say, big importing countries such as the Philippines are not very happy about this.
Posted by Lori Stassi on May 1, 2008 2:31 AM PT | Permalink
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