Supply concerns prompt Asian grains buying

Commodities Now (Feb. 17, 2011) | Asian buyers are snapping up more rice and cheap Australian wheat to boost food and feedstock security in the face of record high prices that policymakers fear could stoke popular discontent and damage their economies. World Bank President Robert Zoellick said global food prices have reached “dangerous levels”, underlining the anxiety among governments keen to head off a repeat of the 2008 food crisis, which sparked riots in countries from Egypt to Haiti.