Two grain exporters stop foreign sales to limit food inflation

04/16/2008 | Financial Times (free content)

The shortage of food grains on global markets worsened when Kazakhstan, the fifth-largest wheat exporter, and rice-producing Indonesia each stopped farmers from selling abroad. Pressure for export bans is likely to increase as developing countries try to limit rising local food prices, Morgan Stanley's Hussein Allidina said. Vietnam, Egypt, China, Cambodia and India had already banned foreign sales.

View Full Article in:

Financial Times (free content)

Published in Brief: