Free Republic

And so the tide rising all commodities keeps coming: rough rice has just passed its December 2009 high and is now at its highest since October 2008. When we predicted on Monday morning that "rice is next", little did we think that it would be up by 11% in 4 days. And with this important resistance level broken, it is smooth sailing to the next two resistance levels of $20 and $24. Of course, Bangladesh will be in flames long before any of those are hit. But a speculator has to eat, right. After all, none of this is Gen...

Bangkok - Excessive use of fertilizers and pesticides and other poor farming practices have led to an insect plague in Thailand's rice fields that was predicted to reduce yields by 30 per cent in vast areas, the International Rice Research Institute warned Monday. "This is the worst outbreak of brown planthoppers I have seen in my career since 1977," said Manit Luecha, director of the Chainat Rice Seed Center. "Most of the paddy fields - probably more than 1 million hectares - will suffer rice yield losses of more than 30 per cent," he predicted. Thailand is the world's largest...

Before currency reform, food price in Pyongyang and Chongjin (in old denomination per kg) Between Sept. and Nov., 2009, rice: 1800~2400 won, corn: 800~1100 won After currency reform, rice price in Pyongyang and Chongjin (in new denomination per kg) date rice pricein new won contributing factor Dec.2009 1st ~ 9th  20~ 25 government institutes currency reform1 new won = 100 old won 10~15th  30~ 45 price in new currency would not settle properly, and price rises 20~30th  50~ 60 Public Security impose ban on the use of foreign currency on Dec. 28; price rises Jan.2010  1st~5th  80~120 price doubled...

North Korea 'struggling against civil unrest' The revaluation of the won has led to rampant inflation and civil disorder Richard Lloyd Parry, Asia Editor The North Korean dictatorship is struggling to contain civil unrest and runaway inflation caused by a drastic revaluation of its won currency, which is threatening new food shortages in the already hungry nation, according to reports in South Korea. /snip Agents of the People’s Safety Agency (PSA), which is conducting a so-called “Fifty Day Battle” against illegal enterprise, were reported to have been attacked and driven away as they sought out market activity in the city...

Violence in N.Korea as hunger woes mount: reports AFP February 3, 2010, 1:15 am SEOUL (AFP) - Angry North Koreans have attacked security agents as hunger woes mount following a crackdown on free-market trade, according to reports on Tuesday from groups in Seoul with contacts in the communist state. Social unrest and riots have flared since a shock currency revaluation by Pyongyang last November worsened shortages of food and other goods for an increasingly desperate population, they said. /snip "Therefore, people are taking revenge on agents, since they feel so desperate that regardless of their actions, they will die," the...

...The New York Times lectured Haiti on April 18 (2008) that “Haiti, its agriculture industry in shambles, needs to better feed itself.” Unfortunately, the article did not talk at all about one of the main causes of the shortages -- the fact that the U.S. and other international financial bodies destroyed Haitian rice farmers to create a major market for the heavily subsidized rice from U.S. farmers. This is not the only cause of hunger in Haiti and other poor countries, but it is a major force. Thirty years ago, Haiti raised nearly all the rice it needed. What happened?...