High price of rice sustains till end-rainy season
(KPL) The high price of rice is expected to sustain till the output of harvested rice in rainy season will be available for sale at the end of this year.
Meanwhile the state sector concerned is actively conducting a survey on assisting capacity and ready to bring more rice for interfering rice market.
Many low income families countrywide are worried and suffered from expensive rice.
The hike of rice price has sustained continually as a result of rice production in different provinces suffered from climate change last year.
Facing the matter, an economist gave a point of view that if the supply of rice was inadequate to the market’s demand and there wasn’t rice from other resource for supplying market, the price of rice would further move upward till the end of this rainy season. Dr Liber Libouapao, Deputy Head of National Economic Research Institute of the Ministry of Planning and Investment has explained that the price of rice is expensive due to the impact on flood in different areas countrywide last year and low harvest of rice.
He has stated further that as a result of flood, the supply of rice to the local market is inadequate leading to the high price of rice in the local market.
The price of ordinary rice in Nongchanh market, Vientiane Capital is now available for sale between 60,000 and 100,000 kip per 12 kg and sticky rice per 12 kg is 65,000-100,000 kip.
Last year’s price of rice stood at 40,000-45,000 kip per 12 kg.
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