Hanke, Steve H.
June 2008
Forbes Asia;6/30/2008, Vol. 4 Issue 12, p84
The author reflects on the increasing prices of rice and oil. He stated that rice prices have soared because of speculation and hoarding by governments and not by private business. He cites the Japanese rice industry, arguing that the Japanese government hoards its World Trade Organization-mandated imports to keep domestic rice prices high. He also emphasized that the U.S. Strategic Petroleum Reserve is the mother of all commodity hoards.


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