Threat of turmoil all over Asia has been the favorite doomsday prediction for weeks.
In Thailand, farmers are hoarding rice.
In Indonesia, social unrest is feared although the government spends “35 percent of its entire budget on fuel and electricity subsidies to keep those commodities affordable for the poor.” Wow. Can we say as much for the Philippines?
In the Philippines, Senator Ed Angara says the rice shortage is artificial borne out of a collusion rice traders and NFA officials. An opinion writer places the blame squarely on rice traders.
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