We look at the language of the recent crisis in the global rice market. There are eleven questions.
1. Some experts are claiming that there has been a distortion in the rice market for many years caused by a WTO rule that forces Japan to buy rice that it does not need from the USA and
stock store save
it until eventually it rots.
2. What is needed is a political effort to authorize Japan to sell its
surplus supply storage
rice stocks on the world market.
3. In fact, the speculative bubble has already been
stabbed pricked exploded
as rice futures indices have fallen because of forecasts of good harvests.
4. It may be a little
late previous early
to imagine that the crisis is over, however.
The cyclone disaster in Burma has turned that country from an exporter to an importer and export restrictions remain in place in other countries.
5. So far this year there has been
remarkable marked remarked
inflation in global food prices, and one of the most worrying developments has been the rise in the price of rice.
6. A dramatic rise in the price of rice is a major concern, since rice is the
stable staple standard
food for more than half the population of the world.
7. It is expected that the world's
paddy padding paddle
fields will produce 3.5 per cent less rice than in previous years.
8. As a large proportion of the world's poor are most
effected infected affected
by higher prices, the effects could be disastrous for many, particularly in Asia.
9. The belief that the world is
running going moving
out of rice has led to panic.
10. It has also led to
stocking hoarding storing
in many countries.
11. However, it seems that there may be no need for such extreme responses after all, and that simply
overruling overturning overseeing
a World Trade Organisation (WTO) ruling could halve rice prices in a matter of weeks.
Collins Business Grammar & Practice: Intermediate 