Comments on: Time to Stock up Rice? http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Timhttp://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42197 Tim Fri, 25 Apr 2008 21:18:09 +0000 http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42197 yup, it's media fueling the hype. what they forget to say is that the rice or wheat will probably go bad by the time you have a chance to use it if you hoard it for the common person. yup, it’s media fueling the hype. what they forget to say is that the rice or wheat will probably go bad by the time you have a chance to use it if you hoard it for the common person.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42184 Sun Fri, 25 Apr 2008 02:56:55 +0000 http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42184 It's true that speculation, rumor and fear play a large role in driving up prices recently, even though there isn't any kind of shortage in this country at least. And stories like Costco and Sam's Club are limiting the amount people can buy could potentially make matter worse and make people feel there's indeed problem in the food supply china.It is not really like before when large families ate a lot of rice every day and even a mild increase in price could mean a big jump in spending. But with a 20-lb bag of rice at $15 and lasts a couple of month for a family of three, I am not too concerned even if the price goes to $30 a bag next month. I would be more concern if gas price doubles :)STLPlace: Yeah, I read you own SYT. Actually, I was thinking of buy some agri ETF, but didn't because of the record prices of agri commodities. If I buy now, it's probably a little too late, especially for the current round of advance in price. It’s true that speculation, rumor and fear play a large role in driving up prices recently, even though there isn’t any kind of shortage in this country at least. And stories like Costco and Sam’s Club are limiting the amount people can buy could potentially make matter worse and make people feel there’s indeed problem in the food supply china.

It is not really like before when large families ate a lot of rice every day and even a mild increase in price could mean a big jump in spending. But with a 20-lb bag of rice at $15 and lasts a couple of month for a family of three, I am not too concerned even if the price goes to $30 a bag next month. I would be more concern if gas price doubles :)

STLPlace: Yeah, I read you own SYT. Actually, I was thinking of buy some agri ETF, but didn’t because of the record prices of agri commodities. If I buy now, it’s probably a little too late, especially for the current round of advance in price.

]]> By: pidgeon92http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42182 pidgeon92 Fri, 25 Apr 2008 00:23:37 +0000 http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42182 Honestly, it just sounds like more fearmongering. Honestly, it just sounds like more fearmongering.

]]> By: Danny Tsanghttp://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42181 Danny Tsang Thu, 24 Apr 2008 17:21:17 +0000 http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42181 I kid you not, the family that lives in my parent's in-law unit came home one day with about 5 50lb bags of rice. I asked them why they needed so much and they were telling me how the price keeps going up.Personally I don't think its necessary at all, I agree with Jeremy. I would just keep buying like usual. Sure it can be $10-$15 more but one bag lasts so long. If we all go buy more bags then we need it makes matters worse. I kid you not, the family that lives in my parent’s in-law unit came home one day with about 5 50lb bags of rice. I asked them why they needed so much and they were telling me how the price keeps going up.

Personally I don’t think its necessary at all, I agree with Jeremy. I would just keep buying like usual. Sure it can be $10-$15 more but one bag lasts so long. If we all go buy more bags then we need it makes matters worse.

]]> By: STLPlacehttp://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42180 STLPlace Thu, 24 Apr 2008 15:27:13 +0000 http://www.thesunsfinancialdiary.com/living/time-to-stock-up-rice/#comment-42180 Sun, I have not stock pile the rice. Although I bought the rice 4 days after it raised price, yuk!That being said, I think buying the agri stocks will be more profitable to take advantage of soft commodity boom. As you may know, I hold SYT for now. Sun,
I have not stock pile the rice. Although I bought the rice 4 days after it raised price, yuk!

That being said, I think buying the agri stocks will be more profitable to take advantage of soft commodity boom. As you may know, I hold SYT for now.

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