How fear drove world rice markets insane

www.npr.org...

That crash — the great rice crisis of 2008 — was a true disaster for some of the poorest people in Asia and West Africa. And the most frightening thing about it is that no one can guarantee that it won't happen again — because the decisions that created it were all, somehow, perfectly reasonable.

Even though there was plenty of rice available around the world because farmers in many places were harvesting record crops, the Indian ban on exports meant that there was less for other countries to buy. Immediately, the price of rice on world markets started to increase.

Sometimes it's not just greed that screws up the world. Sometimes it's just well intentioned stupidity....ya think ?

I already have my rice, like 50 lbs of it, so im not worried about hyperinflation... Although other should be, if you dont stock up now, when the shtf it will be too late to buy stuff.

Yes, sadly some of us have watched this thing grow out of nothing, absolutely no tangible reasons.

We should take a lesson from it.