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| Thu, 01/24/2008 - 16:00 |
Indonesia has been forced to take emergency action to calm unrest over record Soya Bean prices. The commodity hit an all-time global high of 13 dollars a bushel last week, an increase of almost 90 per cent on last year's level. Indonesian prices have risen even higher.
The rise is a partly a result of US farmers reducing the soy crop to grow more corn for bio-fuel. The Indonesian government is now looking at subsidizing the product and giving incentives to local farmers. As Rebecca Henschke reports from Jakarta, the rising prices have had a dramatic impact on the country's poor.