QUOTE(AEROFORCE1 @ May 12 2008, 05:01 AM) [snapback]3692059[/snapback]
I am sure this problem affect all of us who eat rice. Instead of long article I prefer some comment.
1) How much u spend on buy a rice for now ? How different than bfore
2) Does u bother about the expensive rice
3) Do you think Who benefit from the rice price is rise?
4) Is the price making sense or not?
I bought in 6pallets of 50lb, hom mali Jasmine rice for $21.50, 2 months ago
last month that price wholesale went to $32.50,
This month, there is No more Jasmine rice, except for Sticky Rice,
Soon, everyone will turn to Sticky rice to eat with their Som Tum.
Now the price of Sticky rice is starting to raise as a result, $5 from last month to this month.
I've already sold 4 pallets of the rice for $37. currently it is around $43 and raising, thus im hiding the remaining 2 pallets because by next month it will be up to $50.
most of the time, we only make a few dollars off rice, being its a commodity
by next month we will be making over 100% markup.
O yeah, im in the Wholesale industry.