A Black Market Grows In Rice

China’s rice prices are now four times lower than current international prices and the smuggling of rice across borders is on the rise. Forbes reports:

Reports of rice smuggling have surfaced this week in areas all along China’s sprawling borders, from Yunan province next to Vietnam, to northwest Xinjiang, which borders the central Asian states of Kazakhstan and Kyrgyzstan, all the way to Guangdong, a prosperous southern Chinese province that sources 60% of its rice from elsewhere in the country.

See also “China wary of importing food inflation” from Reuters.

May 1, 2008 9:29 PM
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