Food prices in Asia continue to be above what they were prior to the 2007-2008 surge. Worse, there are signs that they may increase once again owing to the existence of similar conditions, such as excess demand and rising input prices due to the increasing cost of oil. Presently, rising food prices are leading to the region’s major economies re-orienting their food management policies — a step that is likely to be the harbinger of a tougher stance by the region on the Doha Round of trade talks as well as on climate change issues. The major rice-exporting countries of […]
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There is little doubt that as president of Ukraine, Viktor Yanukovych will decisively shift the country’s geopolitical posture, with Kiev once again moving closer to Moscow after its pro-Western and pro-EU turn of 2005. The potential consequences on the EU’s energy future are serious, as 80 percent of Russian natural gas exports to Europe transit through Ukrainian territory. The country has been in repeated price disputes with the Russian state-owned gas monopoly, Gazprom, resulting in interruptions of deliveries to the Ukrainian market in January 2006 and 2009, with supplies to Europe affected both times. Mediation on the part of the […]