Rice Hoarding

The most recent concern in Asia is the issue on the soaring rice prices. The rising prices have sparked panic buying as people stock up in the hopes of beating future price hikes.
This phenomenon is seen in some singaporeans, upon knowing prices for commodities are expected to soar, some residents in Toa payoh actually swept off packets of rice at the nearby NTUC! Anyway, it's not surprising enough as singaporeans are always being labeled for the 'kiasu' attitude.

When i overheard the conversation from some housewives at the supermarket, I have a strong urge of telling them that 'lucky you women are in spore, else the act of rice hoarding will be considered as a crime and get arrested'. Anyhow, I did not bothered about them and just walked off. But I am sure, the group will be plotting on how to deliver as many bags of rice as they could to avoid the price hike of ' jing fei ren xiang mi' !!!

People in thailand, philippines and bangladesh are not so fortunate compared to us. These poverty stricken countries are hard hit by the higher food prices. While the our people here are busying buying rice home, the people in those regions are struggling with the spiralling cost of food in particularly rice and cooking oil. Earlier on some poor countries in Asia have suffered from the fuel price hike, which means a direct sharp rise in price of kerosene which is widely used by them for cooking.

Let's hope their government can stretch out with increased subsidies to help to curb the social unrest.