Wednesday, 2 March 2011
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ASEAN makes pact on rice reserves
HCM CITY - The 10 members of the Association of Southeast Asian Nations and their dialogue partners, China, Japan and South Korea have agreed to establish rice reserves in each country. To prevent a repeat of the mistakes made during the 2008 food crisis, they agreed to stabilise the rice prices without making "sudden and demonstrative procurements" that could trigger panic among trade members.
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