NewsWhore
04-25-2008, 04:10 PM
Locally produced rice is being shipped to Haiti as contraband. International rice prices have skyrocketed, almost doubling in three months, and this has led even US retailers like Costco and Wal-Mart to limit the amount of rice sold to consumers. Rice is now selling internationally for US$1,034 per ton, up from US$480 in October 2007. Local rice farmers fear that the government rice subsidies, which have kept down the price of rice on domestic markets, are being passed on to Haiti. Vendors in Haiti can reap greater profits by sourcing rice in the DR. These irregular exports are causing shortages locally.
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More... (http://www.dr1.com/index.html#8)