Export Bans Push Food Costs Even Higher

29 nations move to keep more food at home
By Matt Cantor,  Newser Staff
Posted Jun 30, 2008 7:23 AM CDT
Export Bans Push Food Costs Even Higher
A Balinese farmer weighs rice during a harvest in Jati Luwih, Bali, Indonesia on Tuesday, June 3, 2008.    (AP Photo/Firdia Lisnawati)

Alarmed by high food prices and shortages worldwide, some 29 countries are banning or reducing exports of foods to make sure they have enough at home. Such limitations pose a threat to countries that rely on imports, forcing prices up further, the New York Times reports. What’s more, the restrictions are in turn fueling private hoarding. "People are in a panic, so they are buying more and more—at least, those who have money are buying,” a Philippine rice vendor tells the Times.

“Every country must first ensure its own food security,” says the commerce minister of India, which has barred most exports of rice. But the US disagrees. “One country’s act to promote food security is another country’s food insecurity,” says a trade official. “If every country in the world decided it wanted to produce its own food for consumption, there would be less food in the world, and more people would be hungry,” she adds. (Read more food prices stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.