Corazon T. Aragon

Corazon T. Aragon, Flordeliza A. Lantican and Ma. Eden S. Piadozo are professors at the Department of Agricultural Economics, College of Economics and Management, University of the Philippines Los Baños, Laguna , Philippines . Ms Aragon and Ms Lantican are former directors of ACTETSME-the APEC Center for Technology Exchange and Training for Small and Medium Enterprises.

More than half of the world's 6 billion people eat rice as their staple food. Global rice prices have been rising since early 2003. Moderate increases of 9 per cent in 2006 and 17 per cent in 2007 were recorded, but since the beginning of 2008 international rice prices have shown a steep upward trend, reflecting a limited supply available for purchase.