Rice prices going up in the months ahead

[Ng Cheh Hwang]

@zhihau please share with your neighbourhood aunties and MILFs.

 

[syed putra]

Thats weird because way back in 2008, it was at usd1000/ mt and i did not see the price coming down.

 

[A Singaporean]

Wow good news. CECAs can afford.

 

[batman1]

It seems like after the increase in GST 1% on 1-1-2023,majority are very happy,no complaints about it.

 

[laksaboy]

Better get acquainted to regular fasting while you still can.

 

[Froggy]

If price of rice goes up we should stop eating rice like my lunch today no rice at all

We do not need to be slave to rice

 

[cocobobo]

What about potato price?

 

[laksaboy]

Bee hoon, kway teow, chwee kueh etc will all be affected. Viet restaurants will have a hard time.

 

[Pinkieslut]

Jialat! Many fatty boom boom will suffer.

 

[Boonsiong]

Bro @SOS always launch controversy threads here

 

[A Singaporean]

Poor Sinkies should learn to jia sai.

 

[Ng Cheh Hwang]

Bee hoon, kway teow, chwee kueh etc will all be affected. Viet restaurants will have a hard time.

Viet rice still >10% cheaper than thai rice
https://www.bloomberg.com/news/arti...shows-food-inflation-still-stalking-the-world

Rice prices are climbing, a sign that the food inflation shock that threw millions into poverty is still reverberating, even as the cost of wheat and other farm commodities has declined. Thai rice, a benchmark for Asia, has soared to the highest in almost two years. Strong demand lies at the heart of the rally, with some importers buying more of the grain to replace wheat after the war in Ukraine disrupted supplies.

 

[Ng Cheh Hwang]

2023 Food Shortage - Africa
Africa’s food crisis is the biggest yet
https://www.reuters.com/graphics/AFRICA-HUNGER/lgpdkknwlvo/

 

[Ng Cheh Hwang]

2023 Food Stortage - Wheat

Pakistan is currently suffering from skyrocketing prices and a shortage of wheat flour, with people waiting in line for hours to receive a single bag
https://www.dw.com/en/pakistan-food-crisis-exacerbated-by-wheat-shortage/video-64577232

 

[Ng Cheh Hwang]

2023 Food Shortage - Potatoes

Potatoes are among Australia’s favourite vegetables. However, we are facing a shortage of processed potatoes, especially of frozen chips. Coles introduced a two-item limit for shoppers seeking frozen potato products.
https://theconversation.com/whats-driving-the-potato-chip-shortage-and-when-will-it-pass-198667

 

[Ng Cheh Hwang]

2023 Food Shortage - Oranges

Orange Juice Futures Reach a New Record
https://www.wsj.com/livecoverage/fe...tures-reach-a-new-record-CTNV3fIUHyeA8nkghVLE

 

[Ng Cheh Hwang]

2023 Food Shortage - Beef

US Cattle Herd Inventory hits 8-years low
https://thedeepdive.ca/battle-for-cattle-us-herd-inventory-hits-8-year-low-prices-hit-8-year-high/

 

[Ng Cheh Hwang]

2023 Food Shortage - Chicken & Eggs

Avian Flu & Chickens laying less eggs
https://www.nytimes.com/2023/02/02/business/economy/inflation-chickens-egg-prices.html

 

[Ng Cheh Hwang]

2023 Food Shortage - Rice

The next big worry for consumers? Rice prices.
https://www.marketwatch.com/livecov...r-consumers-rice-prices--CnwlGwTu1hpD6hYGfCIX

Rice prices will need to be "capped soon" or turn into another global headache for consumers and governments, said Ole Hansen, Saxo Bank’s head of commodity strategy, in emailed comments on Friday.

 

[blackmondy]

There's a reason why rice and rise sound the same.