The price of rice is falling down


As per the news report last night, farmers are complaining that the price of rice had dipped so low that they have been losing from the cost of production. The National Food Authority officials admitted that there are so many stocks in their warehouses and that is the main reason why they couldn’t buy the rice from the farmers are premium prices. I guess this is a problem caused by the government because they bought so many imported rice that are now filling up their warehouses.


This is the problem of the department of agriculture that I guess it is on the collision course with the department of trade and industries that allowed the importation of rice to the disadvantage of the farmers. It is silly to provide subsidized purchases or rental to the farmers. What is needed is a regulated importation of the particular product.