20 Feb 2009

Solomon Islands govt closely monitoring rice prices

12:38 pm on 20 February 2009

Solomon Islands Prime Minister Dr Derek Sikua says the Government is closely monitoring the price of rice and expects to see rice prices fall in the coming months.

Dr Sikua acknowledges rice is a common staple food for most Solomon Islanders and the rising rice price has indeed affected all of them.

The Prime Minister says the prices of some goods, like fuel, had come down as a result of world markets which benefit Solomon Islands people, but other goods such as rice continue to remain high.

Dr Sikua says he had been advised by officials that the US Department of Agriculture figures show that while prices for some varieties of rice had fallen in recent months, the prices of the medium grain rice preferred by Solomon Islanders remain high.