Lim Wan Jie (:
Price of rice likely to fall in next few months


THE price of rice coming into Singapore is likely to fall in the next several months, say importers, who predict the drop will spell some relief for consumers battered by record-high prices. Buoyed by a surge in supply - based in part on an expected bumper crop from Thailand - the price of fragrant rice could tumble to US$1,000 (S$1,370) a tonne by year-end, importers forecast.That is 18 per cent lower than its peak last month. This could translate into a roughly 80-cent drop for a 10kg bag of rice at the grocery store, said Mr Jimmy Soh, owner of rice importer Chye Choon Foods. Experts say that, although fragrant rice prices may fall, they are unlikely to hit the lows of September last year when a tonne of the grain cost US$600.

Personal response :
After months of receiving bad news about the price of rice rising , it is happy to hear that it is going to drop soon. However , it will not be as low as it would be. People nowadays prefer to eat any other food than rice to cut down the cost they spend. Bad point about rice is that it will grow insects if they are kept for too long. Therefore , people can not buy to keep to prevent rice price growing again.Not only does rice price growing , other things are growing. People are worried that the cost of living would be very high and can not afford them , the poorer ones are worse. Everywhere we go , things we want to buy , we have to think twice. These in return causes the business of any shops to be affected. Even the well-known SengSiong ,a place where cheaper food are sold, prices of what they are selling are increasing drastically. If only , miracles would happen soon.