My mom's having a hard time ordering rice right now. She said the price of rice has risen twice over the week. She's called all her friends and our relatives. One is selling a sack for 1,500 pesos, our aunt (who owns a stall in a public market) is selling hers for 1,800 pesos. Rumor says that a sack would cost 3,000 pesos in a few week's time.
I don't think there is a rice shortage at the moment. People are just getting greedy and hoarding the sacks out of greed and paranoia. It's mass psychology at work. The rice crisis is a self-fulfilling prophecy that is slowly coming true.
Mom's thinking of sending our workers out to buy NFA rice. It's cheaper (18 pesos per kilo versus 35 pesos selling in the market). But you have to line up pretty early in the morning (around 5am) to buy the rice (shop closes at 10am). Each buyer can only buy up to two kilos of rice. There are cops (or soldiers) standing guard, making sure that everyone gets a fair share of the NFA rice.
I don't know if this rice problem would fix itself soon. But I hope the government would do something to regulate the price of rice...
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