Philippines asks Vietnam to guarantee rice supply
Reuters
First Posted 02:14:00 02/22/2008
MANILA, Philippines -- President Gloria Macapagal-Arroyo has asked Vietnam to guarantee her country an unspecified volume of rice as tight world supply threatens its food security, Agriculture Secretary Arthur Yap said Thursday.
Yap said Arroyo had been in contact with Vietnamese Prime Minister Nguyen Tan Dung to secure an undisclosed volume of the Philippines' food staple.
"I am very confident that in the coming weeks we will have a positive response," Yap told reporters at a briefing on the global rice situation. “I am fairly confident that we will be able to secure the rice stocks that will be needed to raise our buffer.”
The Philippines is the world's biggest importer of rice and faces the risk of shortages this year as soaring prices encourage exporters to stockpile the grain.
The Philippines' own stocks are down to eight days of consumption or around 264,000 metric tons, and Arroyo wants to ensure it has a 30-day buffer.
If Vietnam agrees to the request, the prices will be decided by public bidding.
In the meantime, the Philippine government is considering making similar requests from other rice-producing nations but is aware that it might not be able to buy enough to meet the appetite of a rapidly expanding population, Yap said.
"Even if we want to import, there is a possibility that there will not be enough stock in the international market," he said.
Millions more of the world's most vulnerable people are facing starvation as food shortages loom and crop prices spiral ever upwards. And for the first time in history, say experts, the impact is spreading from the developing to the developed world.
More than 73 million people in 78 countries that depend on food handouts from the United Nations World Food Programme (WFP) are facing reduced rations this year. The increasing scarcity of food is the biggest crisis looming for the world'', according to WFP officials.
At the same time, the UN Food and Agriculture Organisation has warned that rising prices have triggered a food crisis in 36 countries, all of which will need extra help. The threat of malnutrition is the world's forgotten problem'', says the World Bank as it demands urgent action.
The bank points out that global food prices have risen by 75% since 2000, while wheat prices have increased by 200%. The cost of other staples such as rice and soya bean have also hit record highs, while corn is at its most expensive in 12 years.
The increasing cost of grains is also pushing up the price of meat, poultry, eggs and dairy products. And there is every likelihood prices will continue their relentless rise, according to expert predictions by the UN and developed countries.
High prices have already prompted a string of food protests around the world, with tortilla riots in Mexico, disputes over food rationing in West Bengal and protests over grain prices in Senegal, Mauritania and other parts of Africa. In Yemen, children have marched to highlight their hunger, while in London last week hundreds of pig farmers protested outside Downing Street.
If prices keep rising, more and more people around the globe will be unable to afford the food they need to stay alive, and without help they will become desperate. More food riots will flare up, governments will totter and millions could die.