Financial Times FT.com

The global food crisis

Food prices ring alarm for Asian nations

By Raphael Minder in Hong Kong, John Aglionby in Jakarta, Amy Yee in New Delhi, and Daniel Ten Kate in Bangkok

Published: April 2 2008 16:45 | Last updated: April 3 2008 01:30

For years, farmers in the remote village of Pallantikang on the Indonesian island of Sulawesi relied on middlemen to sell their produce and found themselves largely isolated from the realities of market demands and price fluctuations.

But when 50 of them recently started going directly to retailers, the outcome was a jump of 80 per cent in their earnings from their rice and cassava and 40 per cent from their corn.

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