Asian Development bank opposes rice cartel
The Asian Development Bank is opposed to any OPEC-style rice cartel grouping Thailand, the world's biggest exporter, and four other Asian nations, its president said on Saturday.
SINGAPORE - Singapore is not affected by the rice shortage gripping some of its rice-producing neighbours like the Philippines as the wealthy city-state can afford to pay a higher price for the staple, the Straits Times newspaper reported on Friday.