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“The regime has lost control over corn and rice prices, which normally are capped, so there is now wild speculation in some places with prices soaring. This causes people to panic and store up grain, rather than sell it, adding to the shortages in marketplaces. Meanwhile, the government is not filling its ration obligations because it also is short of funds. One indicator that needs to be watched closely is the relationship of the price of corn to rice. As the corn price gets closer to the rice price, deprivation concerns should increase.”
27 Jun 2021
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