Asian food prices will continue to rise

Export bans and stockpiling are not the priority solutions for avoiding inflation and the food crisis. Experts warn that stocks will cause food prices to rise further, or have a serious negative impact on mankind, a phenomenon that is particularly noticeable in Asia.

The Voice of Germany reported on the 12th that earlier this year, some countries have adopted new guidelines such as export bans and food hoarding in response to a new record in food prices. In order to stabilize rice prices, Bangladesh has adopted a hoarding policy and Myanmar has terminated. Rice exports. The market that was already turbulent followed another wave.

In response to the above, Katsuji Matsunami, head of the Agriculture, Environment and Natural Resources Division of the China East Asia Bureau of the Asian Development Bank, believes that more trade restrictions will cause food prices to rise and trigger panic among food importing countries.

Philippines accelerates international rice prices

Song Boke said that the Philippines ignored the trend of rice prices in 2008 and imported a large amount of rice to accelerate the increase in international rice prices. However, the country banned rice exports and the domestic rice price also rose. The country did not profit from it. "When the price of rice rose, the domestic rice traders saw the business opportunities and danced along with them, resulting in the country's restrictions on the export of rice and the failure of its intention to stabilize the price of rice."

He also said that when some countries face the problem of food shortage, Asian countries should share the information of agricultural products in various countries in order to relieve the food crisis. The problem of food is a common problem in many countries. The influence of the international market is large. The price of rice in Asia is more dependent on the ups and downs of the international market. "The largest importer and exporter of rice is located in Asia, and the rice trade is almost confined to Asia.

Countries in the area of ​​food issues must reach a consensus

As a lesson from the 2008 food crisis, countries are now actively reaching a situation where information is shared and rice reserves are being implemented within the region. ASP Deputy Secretary-General Pushpanathan Sundram stated that the ministers of trade have reached a consensus to avoid any "distorted" trade actions.

He said that not only the price of rice, sugar, edible oil, wheat prices should also be concerned about the rise. The situation needs to be closely monitored to understand the regional response to food issues.

Due to the growth of world demand and the decline of agricultural production, the storage of wheat and corn this year is expected to drop sharply in the global market. Countries are closely coordinating and improving market operations so that food supplies can continue to be supplied. It is reported that this incident reflects the future of Asia for several decades and also faces the problem of rising food prices.

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