NewsWhore
04-04-2008, 06:20 PM
After much debate on whether price increases in the DR have been real or fictitious, the Dominican Rice Factory Federation (ADOFA) president Miguel de Moya admitted that rice prices have gone up, but tried to downplay the increase by saying that it has only been worth between 12% and 14%. De Moya says that at this very moment a 125lb. sack of rice costs RD$1,750, up from RD$1,650. He justified the increase on the grounds that fertilizer, which used to cost between RD$500 and RD$700, now costs between RD$1,200 and RD$1,400, and that the price of fuel has doubled, increasing freight and transport costs.
More... (http://www.dr1.com/index.html#12)
More... (http://www.dr1.com/index.html#12)