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FAVOURITE FOOD: Asian consumers are affected differently by the increase in rice prices. -- PHOTO: REUTERS
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MANILA - FROM the air-conditioned supermarkets of Tokyo to the open-air stalls of Manila, reactions across Asia to record leaps in the price of rice vary from fear and frustration to a nonplussed shrug of the shoulders.
Fried, boiled or steamed, rice is synonymous with food in this region but with wide disparities in national wealth and padi output, Asian consumers are affected differently by prices of Thai grain hitting US$1,000 (S$1,360) a tonne.
In the Philippines, Indonesia and Bangladesh, three of the top four world rice importers with millions of poor between them, some people are having to scrimp on already meagre budgets and skip meals to ensure they can still feed their families a daily helping of the cereal.
'What can I do? Rice prices soar, we have to follow them,' said Mr Rudin, a 28-year-old shopper in Indonesia's capital, Jakarta, adding that he was not in a position to pile up stocks because he had limited income.
Experts say there are signs that the dramatic international price situation may improve in the months ahead as more harvests hit markets and importers ease back on purchases.
A near tripling in the world benchmark, Thai 100 per cent B grade wide rice, was triggered after exporting nations curbed shipments to cool domestic inflation.
Prices on most local Asian markets have not jumped as much either because countries are self-sufficient in rice or because importing nations only need to buy a fraction of national demand and subsidise those purchases to poor consumers.
But local prices have still risen significantly and while they wait for them to ease, many Asians have little choice but to tighten their belts or queue in the tropical heat to buy cheap government stocks of the grain.
'We have to stand in line for up to six hours to grab a bagful of rice. Often we go back empty handed as supplies run out,' said Ms Mariam Begum, who works as a house maid in the Bangladeshi capital Dhaka.
'To stand in the queue, I take half-day leave every day from my employers and have also brought my only son out of school to stand in another queue,' said the 45-year old mother of four.
With the exception of Bangladesh, where some factory workers went on the rampage this month, Asian consumers have not taken to the streets to vent their frustration at the rising cost of food and fuel.
In affluent countries such as South Korea and Singapore, many people are able and willing to absorb price increases rather than cut back on their favourite staple.
In Japan, some budget-conscious consumers are even turning to home-grown rice, which because of various government programmes has a fairly stable price, in the face of soaring costs for imported grains such as wheat, which is pushing up the cost of bread, beer and noodles.
'These days, I am using more rice in our meals, along with some fish and miso soup, because bread and pasta have become too expensive,' said one Japanese housewife.
In China, a net rice exporter, some people are even unaware that the grain has hit a record high on world markets.
'I am not going to hoard any rice, prices are very stable here,' said Mr Hu, an office worker in Beijing.
'Is the international price at a record high? I didn't even know that.'
REUTERS
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