Bloomberg.com
3 Apr 2008
May 3 (Bloomberg) -- Soaring rice prices are less likely to cause instability in China, India and other major Asian economies because they are buffered by domestic production of the cereal, Singapore's Minister Mentor Lee Kuan Yew said.
Global food prices surged 57 percent from a year earlier in March, according to a United Nations report, and the World Bank has said the increases may trigger civil disturbances in 33 countries. Deadly food riots, such as those in Egypt, Haiti and Cameroon this year, aren't likely to occur in Asia, Lee said
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