With food riots spreading from Haiti to Thailand and retail giants such as Wal-Mart implementing rice rationing in the United States because of shrinking supplies, analysts say Canadians will soon be paying a lot more at the grocery store.
Already, panic buying has hit some Canadian stores.
Panic? Food riots? Rationing? Hoarding?
From what I've read, the problem isn't a shortage of rice, but the rising price of rice. There have been food riots around the world, not because there is no rice to buy, but because the people can't afford to buy it. India and Vietnam and other countries have plenty of rice, but they've shut down exports in an attempt to keep prices down for their people. This of course does cause shortages in other countries, but the overall world stock of rice is healthy.
Its the perception of a shortage that causes the panic.
Reminds of the time Johnny Carson sparked a toilet paper panic.
You can fool some of the people all the time.
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