Showing posts with label rice. Show all posts
Showing posts with label rice. Show all posts

Sunday, April 27, 2008

The Price of Rice....


.....is definitely on the rise. We went to Lee Lee Market, our local Asian grocery store where we do a lot of our shopping today. There is no shortage of rice here but since I last bought a bag of the Double Horse brand Thai jasmine rice that we use, the price has risen from $14.99 for a 25lb bag to $19.99. It was only a month or so ago that I last bought it. The reason there is no shortage here is that the marketplace has curtailed demand by increasing the price. That's OK for me because I can afford the increase but for someone for whom rice is a staple part of his diet, or corn, this is a serious problem.


The solution to this is to reverse the market-distorting government mandates and subsidies that are making it more attractive to turn food into a fuel that very few vehicles can use than it is to make sure people can afford to eat.

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