Rice crisis

The news of rice hog the limelight for past 1 or 2 months. We have seen the rice price escalated, especially in Singapore, who import all the rice. Malaysia wise, seems like the impact is not so great.

Different parties have their own side story to offer. Some said the food production has been able to keep up with demand. Some said because of the bio-fuel frenzy. Some claimed that the supply should be enough, it is only kiasuism.

What ever it is, we are glad to see that Thailand is releasing more rice to calm the situation. Malaysia vowed to open more land in Sarawak to improve the rice production and other countries thinking of rising food production. Late is better than never. So, after sometime, when the situation stablised, we shall see a more reasonable price.

However, if you remember the usual inflation story. Once the price gone up, it would never come down again. Expect a little increase and fasten your belt.