The Council of Agriculture (COA) said yesterday that rice flour might be mixed into regular flour as a way to lower the nation's reliance on imported foods, combat rising commodity prices and create ways to diversify rice consumption.
"Being a domestic product, rice has the advantage of being fresh and relatively unaffected by international commodity prices," COA Deputy Minister Yu Sheng-feng (
"Rice prices have tended to be significantly higher than that of flour, but in the recent year flour prices have soared from NT$17 per kilogram to NT$31. After the recent 8 percent increase rice now costs NT$34.5 per kilogram," Yu said.
PHOTO: WANG YI-SUNG, TAIPEI TIMES
In light of increasing rice and flour prices, the council commissioned researchers to develop ways to increase the nation's consumption of rice and its byproducts, he said, adding that the research project had been very successful and was now seeking technical transfers to interested businesses so that more Taiwanese could enjoy foods made from rice.
"So far we have determined a good proportion for mixing rice flour with regular flour, and have developed recipes for bread, noodles, cakes and other baked goods," he said.
Citing a study done by Taipei Medical University, rice is nutritionally balanced, containing 73 to 77 percent carbohydrates, 7 percent protein and 1.5 to 2 percent fat, he said.
"In addition, fibers, minerals and vitamin B are also abundant in rice, which is good for one's metabolism and digestion," he said.
COA Minister Su Jia-chyuan (蘇嘉全) yesterday came under fire over his comment that the rice price had "increased by just 8 percent" compared with the average price in the past three years.
The statement sparked criticism that Su did not emphasize with the economic pressures bearing down on consumers during a time of global financial difficulty.
The minister made the comments on Thursday at the Legislative Yuan in a question-and-answer session.
Su reopened the discussion yesterday and said that he had not used the words "just 8 percent."
The inflation of rice prices was a result of market mechanisms reflecting the increased costs rice farmers face, Su said.
"The increase in rice prices is within a reasonable range," he said.
However, the government is not ruling out releasing publicly owned rice stocks to the market to offset the impact of decreased supply in a bid to prevent further price hikes, Su said.
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01