It’s not only in the
The price increase of rice in the US have doubled since food crisis hit the rest of the world which is the reason why Asians especially Pinoys, resorted to buying frenzy so as to prepare the impact of yet to come another food price increase.
The supply and demand did not changed only that there was a drastic moves on the part of the rice exporting countries to raise the price of rice, and the end results are rice hoarding, panic buying, rice rationing and food riots and worst civil, political and economic unrest in poor countries.
With these events, the poor countries are not alone; the US of A is also affected by the overblown rice crisis. Americans are going to market places to buy sacks of jasmine rice because the usual $20 has permanently gone and went-up to $40.