ABSTRACT
Between October 2007 and April 2008, a span of just six months, world market rice prices for Thai 100%B tripled, from $335 per ton to over $1000 per ton, reaching the highest level ever recorded in nominal terms. Even during the world food crisis of 1973–1975, world rice prices had never doubled within six months, much less tripled. More than any other event, this price surge brought tremendous media attention to the world food crisis of 2007–2008.
