Hoarding grain traders push up rice prices

The video discusses the challenges faced by rice farmers in Thailand due to rising rice prices, which have led to increased theft and security measures. It highlights the global impact of rice market dynamics, including export restrictions and price speculation by large trading companies. The rising prices pose a threat to food security for the world's poor, potentially leading to famine-like conditions. Small farmers face additional challenges due to limited storage and rising production costs, with no short-term solutions in sight.

Why are farmers in central Thailand taking security measures?

• To increase their rice production

• To comply with government regulations

• To prevent theft due to rising rice prices

• To protect their fields from natural disasters

What action have some countries taken in response to rising rice prices?

• They have increased rice imports

• They have reduced rice prices

• They have banned rice cultivation

• They have imposed export restrictions

Who is alleged to be speculating on rice prices?

• Government agencies

• Large grain trading companies

• Small traders

• Local farmers

What is a potential consequence of the rice crisis mentioned in the transcript?

• Decrease in oil prices

• Increased global rice production

• Return to famine-like conditions

• Improved storage facilities

What does the United Nations say about the short-term solution to the rice crisis?

• Hoarding will solve the problem

• There is a quick fix available

• Reducing oil prices will help

• There is no short-term solution