Global rice prices doubled over last three months
The collapse of Australia's rice production is one of several factors contributing to a doubling of rice prices in the last three months - increases that have led the world's largest exporters to restrict exports severely, spurred panicked hoarding in Hong Kong and the Philippines, and set off protests in countries including Cameroon, Egypt, Ethiopia, Haiti, Indonesia, Italy, Ivory Coast, Mauritania, the Philippines, Thailand, Uzbekistan and Yemen, the New York Times reported yesterday.