Hoarding grain traders push up rice prices

Hoarding grain traders push up rice prices

Assessment

Interactive Video

Business, Geography, Social Studies

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the challenges faced by rice farmers in Thailand due to rising rice prices, which have led to increased theft and security measures. It highlights the global impact of rice market dynamics, including export restrictions and price speculation by large trading companies. The rising prices pose a threat to food security for the world's poor, potentially leading to famine-like conditions. Small farmers face additional challenges due to limited storage and rising production costs, with no short-term solutions in sight.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are farmers in central Thailand taking security measures?

To increase their rice production

To comply with government regulations

To prevent theft due to rising rice prices

To protect their fields from natural disasters

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action have some countries taken in response to rising rice prices?

They have increased rice imports

They have reduced rice prices

They have banned rice cultivation

They have imposed export restrictions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is alleged to be speculating on rice prices?

Government agencies

Large grain trading companies

Small traders

Local farmers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of the rice crisis mentioned in the transcript?

Decrease in oil prices

Increased global rice production

Return to famine-like conditions

Improved storage facilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the United Nations say about the short-term solution to the rice crisis?

Hoarding will solve the problem

There is a quick fix available

Reducing oil prices will help

There is no short-term solution