Comments on: Inflation lower but food prices remain high http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/ Let justice flow like a mighty river Fri, 25 May 2012 07:25:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: miwaki http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18748 miwaki Fri, 27 Feb 2009 20:08:33 +0000 http://anilnetto.com/?p=8773#comment-18748 Not many malaysians understand how government derives the rate of inflation and i believe Sharil himself doesn't know how the rate is calculated.When inflation has dropped but prices of good remain high,chances are our incompetent government is using the wrong basket of foods to calculate rate of inflation. Economists understand that moderate inflation is good for economy and deflation is bad.So in short inflation is not a good measure of economic situation of a country.It's consumer price index and purchasing power that matter.Weak RM is a major cause of inflation and weak currency is due to poor financial management of our BN government. Not many malaysians understand how government derives the rate of inflation and i believe Sharil himself doesn’t know how the rate is calculated.When inflation has dropped but prices of good remain high,chances are our incompetent government is using the wrong basket of foods to calculate rate of inflation.

Economists understand that moderate inflation is good for economy and deflation is bad.So in short inflation is not a good measure of economic situation of a country.It’s consumer price index and purchasing power that matter.Weak RM is a major cause of inflation and weak currency is due to poor financial management of our BN government.

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]]> By: zozdaniel http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18747 zozdaniel Fri, 27 Feb 2009 19:57:15 +0000 http://anilnetto.com/?p=8773#comment-18747 The secong economic stimulus packages should centre onto the provision of benefits that can be immediately realised by the ordinary man in the street. The production of food crops and supporting industrys related to food processing for domestic consumption would benefit the nation in terms of foreign exchange savings and the eventual establishment of a sustainable production of the agricultural products. The staple food, rice is still imported in large quantities inspite of the past substantial allocations in terms of financial input, irrigation infrastructure, enlarge acreage. The current business of rice importation and distribution in the hand of BERNAS are creating more hardship for the ordinary man in the street because Bernas as a privatised identity are raking in Billions of Ringgit annually at the exspense of the public who continue to pay high prices despite of the stabilisation of world market price of rice. In the present period of economic hardship, the government should look into liberalisation of the rice trade to encourage competition rather than monopoly of the rice business. A discount of 30 cents for a plate of rice goes a long way in helping the ordinary man in the street. Lets not channel any more money onto the grandiose projects of channeling the funds through big private corperations. A simplified method of prudent allocations for the direct benefits of the rakyats can be carried out through the establishment of new Multi-Racial Cooperative societys. This in itself would also spur the Rakyats towards the establishment of national uniry and a real share of the economic cake. The secong economic stimulus packages should centre onto the provision of benefits that can be immediately realised by the ordinary man in the street.
The production of food crops and supporting industrys related to food processing for domestic consumption would benefit the nation in terms of foreign exchange savings and the eventual establishment of a sustainable production of the agricultural products.

The staple food, rice is still imported in large quantities inspite of the past substantial allocations in terms of financial input, irrigation infrastructure, enlarge acreage.

The current business of rice importation and distribution in the hand of BERNAS are creating more hardship for the ordinary man in the street because Bernas as a privatised identity are raking in Billions of Ringgit annually at the exspense of the public who continue to pay high prices despite of the stabilisation of world market price of rice.

In the present period of economic hardship, the government should look into liberalisation of the rice trade to encourage competition rather than monopoly of the rice business.

A discount of 30 cents for a plate of rice goes a long way in helping the ordinary man in the street.

Lets not channel any more money onto the grandiose projects of channeling the funds through big private corperations. A simplified method of prudent allocations for the direct benefits of the rakyats can be carried out through the establishment of new Multi-Racial Cooperative societys. This in itself would also spur the Rakyats towards the establishment of national uniry and a real share of the economic cake.

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]]> By: ycg http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18718 ycg Fri, 27 Feb 2009 09:08:39 +0000 http://anilnetto.com/?p=8773#comment-18718 talk about large retail corporation, you should take a look at the procurement policies adopted by them. When the Gahmen requested them to lower their price and they gladly did so, i bet most would not know who is actually funding those discounts...is it the large retailer or is it their supplier? hmmm.... talk about large retail corporation, you should take a look at the procurement policies adopted by them. When the Gahmen requested them to lower their price and they gladly did so, i bet most would not know who is actually funding those discounts…is it the large retailer or is it their supplier? hmmm….

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]]> By: asianeconomies http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18717 asianeconomies Fri, 27 Feb 2009 08:42:14 +0000 http://anilnetto.com/?p=8773#comment-18717 Food inflation according to the CPI was 9.8% in Jan but due to the high base effect of the second half of 2008, food inflation index will be moderating later this year. But your point is correct. Consumers are still paying high prices for food thanks to the mistaken fuel price hike of July 2008 which triggered panic price hikes by retailers. Btw. Anilnetto, can u tell me how you pasted the chart in your blog? Is it throug html or through excel? I am trying to do the same for my blog. <em>It's a .jpg file that you would upload in the same way as any other image. - Anil</em> Food inflation according to the CPI was 9.8% in Jan but due to the high base effect of the second half of 2008, food inflation index will be moderating later this year.

But your point is correct. Consumers are still paying high prices for food thanks to the mistaken fuel price hike of July 2008 which triggered panic price hikes by retailers.

Btw. Anilnetto, can u tell me how you pasted the chart in your blog? Is it throug html or through excel? I am trying to do the same for my blog.

It’s a .jpg file that you would upload in the same way as any other image. – Anil

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]]> By: Eric http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18716 Eric Fri, 27 Feb 2009 08:36:18 +0000 http://anilnetto.com/?p=8773#comment-18716 The middleman towkays are the main culprits who enriched themselves while the farmers & fishmen are earning pittance. Meanwhile, the consumers are suffering. The BN politicians are businessman friendly including these middleman, wholesalers & their cronies. We also have to pay high prices to their crony privatised companies for the toll charges, Electricity, ERL & water. Whether there is or will be any decrease of inflation, our cost of living will remain high. The middleman towkays are the main culprits who enriched themselves while the farmers & fishmen are earning pittance. Meanwhile, the consumers are suffering.
The BN politicians are businessman friendly including these middleman, wholesalers & their cronies.
We also have to pay high prices to their crony privatised companies for the toll charges, Electricity, ERL & water.
Whether there is or will be any decrease of inflation, our cost of living will remain high.

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]]> By: The Whisperer http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18713 The Whisperer Fri, 27 Feb 2009 07:56:19 +0000 http://anilnetto.com/?p=8773#comment-18713 Can we really trust our government statistic? Be Real! Can we really trust our government statistic? Be Real!

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]]> By: bslim http://anilnetto.com/corporate-led-globalisation/agrobusinessgm-food/inflation-lower-but-food-prices-remain-higher/comment-page-1/#comment-18711 bslim Fri, 27 Feb 2009 07:08:05 +0000 http://anilnetto.com/?p=8773#comment-18711 Our good for nothing Sharil running around hypermarkets and mamak stalls begging for 10 sen reduction for the price of roti canai,sugar etc just to show how concerned the govt is about price increase. With the annc of the toll hike yesterday, we sure know how concerned they actually are. Looks like he has to start his running and begging again soon. Show time. $$$ tuan-ah-ku Our good for nothing Sharil running around hypermarkets and mamak stalls begging for 10 sen reduction for the price of roti canai,sugar etc just to show how concerned the govt is about price increase.
With the annc of the toll hike yesterday, we sure know how concerned they actually are.
Looks like he has to start his running and begging again
soon. Show time.

$$$ tuan-ah-ku

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