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May 24, 2008

Rice is Now a Luxury!

I went to the supermarket today to drop my coupons for the car raffle. I also bought some rice, juice and eggs as we are already running out of supply. I have this habit of not checking the prices (yeah, I know it's bad) when buying regular items like rice. When the cashier scanned the bar code, I was surprised that the price of my preferred rice brand (Royal Umbrella from Thailand) increased from less than QR 50/10-kg last month to QR 69.50/10-kg. I just can't believe the price increase is more than QR 20/10-kg bag - almost 40% in a span of one month. I don't know if the importation price is really high or the importer is taking advantage of the low supply and high demand for Thai rice. According to the Filipina cashier, the rice importers already warned that the price of rice will continue to increase in the following months due to global rice shortage. In fact, some people are already panic-buying so I did a little bit of hoarding too.


In the past, Royal Umbrella is being sold at QR 29-30/10-kg bag only. A few months ago, the price is increased to around QR 40 after being out of stock for a few weeks. Then last month the price has increased again to QR 50. At the current price of QR 69.50 - I think eating rice is now a luxury! I'm sure this will affect the food budget of rice-eaters particularly Pinoys. My only consolation is it's a good motivation for me to cut down my rice consumption :)

The price of most goods here have gone up from 30 - 150% and honestly, I am bothered that situation may worsen in the next months. Some supermarkets promised to keep the prices of certains goods but for how long? Many expats already decided go home because of sky-rocketing rents and continued price increase of consumer goods and food supply. But, what to do?

1 US$ = QR 3.65

6 comments:

kengkay said...

hoard, hoard, hoard, hahahaha. di pa rin kami namimili ng bigas dito pero kasi nung huling bili namin last year, hindi pa balita yang rice problem, tumaas na dito ng 10 euro per sack yung jasmin rice e. magkano na kaya ngayon, nyayyy

Nina Lumberio said...

I did hehehehhe. It's quite embarassing pero kinapalan ko na. Nakakita ako ng 2-kg pack na old price pa. Binili ko lahat yong nasa shelf - nagtira lang ako ng konti kasi may mga nakatingin sa akin eh.... At least may 3 months supply na kami.

Joy said...

Hi Nina! How often do you eat rice? And isn't there a Pinoy store that could supply the rice you want? Sadly, inflation is everywhere!

Thanks for visiting Norwich Daily Photo and leaving your comments. It's been a while but I hope to visit your blog more regularly. A lot of things have happened in my so called life, which prevented me from being more active online. Enjoy the week ahead!


joy
A Pinay In England
Your Love Coach
I, Woman

Nina Lumberio said...

Hi Dr. Joy, Thank you sa dalaw. I am limiting my rice intake to 1-3 cups a day coz I am gaining weight again. It's still a lot but much less than I used to eat :) There are times, I avoid it totally. My uncle and my brother is staying with us so there are 4 adults at home who eat rice :)

All the rice here are imported and you will find the same brands in every supermarkets and Filipino stores. There is also not much difference in the price :)

I heard what happened to your baby. I hope you are much better now!

Ferdz said...

Wow! I thought dito lang sa Pinas nag tataasan ang bilihin. Haay... Iguess most people would be put on a diet with this rice price increase

fortuitous faery said...

it's sad....and scary! here in america, a sack of rice at warehouse club costco now costs $20! double its original selling price!