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Africa Plays the Rice Card
RaiseClip
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5-16-2008 3:20 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7c634f65-6219-4e34-9b63-3203a4449bf7/C58AA5D9-21E9-483A-86F6-8EEA34191015/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card" href="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card" style="font-size: 11px;">www.sott.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card">Consider the case of Uganda. The country's rice output has risen 2½ times since 2004, according to the Ministry of Trade. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card">Consumption of imported rice, meanwhile, fell by half from 2004 to 2005 alone, and by half again from 2005 to 2007.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card"><P>The secret of Uganda's homegrown success? Ignoring decades of bad Western advice.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sott.net/articles/show/156559-Africa-Plays-the-Rice-Card">What Uganda recognized is that the world's major rice exporters actually practice the opposite of what the World Bank and IMF preach. Much of the rice grown in Pakistan, Vietnam, and especially the United States is stimulated by subsidy payments to farmers. Then the rice is "dumped" into African markets at low prices - sometimes below the cost of production. These producers also maintain stiff duties against imported rice, contradicting free-market ideology</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C58AA5D9-21E9-483A-86F6-8EEA34191015/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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