Thursday, June 05, 2008

More on rice crisis

According to the local paper the Secretary of Tourism said :

...the issue is not the shortage of supply but the unexplained steep increase in the prices of commercial rice. The prices of rice increased by as much as [36 cents] in some parts of [the area] in a span of two weeks from [$0.77 - $1.14] amidst assurance from government agencies that there is more than ample supply to last the lean months of July to September. "It is the speculation in the prices of rice that is driving its prices up, it is the same thing with oil," he said. "The government is very suspicious on the reason behind the increase of the prices of rice," he added.
Yeah, so are we.

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