By MICHAEL IRENSKI
Widespread hoarding and corruption in state programs for the poor are exacerbating the damage from high rice prices, prompting clampdowns by authorities in many parts of Asia.
The factors behind rice's recent run-up include growing appetites in China and India, drought in Australia and pests in Vietnam.
Some economists say the existence of government programs to subsidize rice make it easier for corruption to thrive. Subsidies distort grain markets and provide easy pickings for criminals.
But hoarding and theft help explain the stunning speed of the rise, which has sparked protests in Egypt and across Asia.
Read James Hookway's report for further information regarding the clampdowns many nations are instituting to combat hoarding:
