While PESO goes stronger, PRICE of basic commodities are still high?????

Dear, welcome back to the show...mylot. We were missing you. I think whatever you have mentioned in your discussion, belongs to your area/country...so won't be able to contribute on your subject. Have a nice day! Deepak

While the US dollar has been weakening for almost a year now, imported goods will become cheaper, however this has a negative effect on local agricultural products, because the producers aren't getting the same for their exports, so to balance their books, the local price usually rises. We have the same increases here in Thailand.

Hi. Nice to have you back in town. lol. I think most commodity prices will remain rather high as long as the global economy is still strong. If A global recession occurs, then many commodities will fall in price from lack of demand. It is possible that a worldwide recession could happen. I can't say when. But it is possible.

The value of money in international scenario may reach high .. but who will control the spiraling up of prices of essential commodities? Economic growth is not always concomitant with personal growth of the commuters . It is quite true in all world economy .

Sweetheart I am really sorry that I am very ignorant about economics and cannot really have an intelligent discussion with you about it! I just had to stop by though and say how much I have missed you and it is so good to see you, I look forward to seeing you back here more often! Hugs xxx

Guess I really haven't come across your name ever since I logged in here, which is about 3 months ago - way back mid or later part of April. But I'm glad to know that there are a lot of Filipinas like me who are registered here in myLot. Regarding your query, I am also asking myself why prices of commodities are going high, and yet as the national government claims, the peso is getting stronger. Although there are several factors affecting this issue, I believe that it is a general rule of supply, demand and prices. Demand and supplies are at par, I think, but why the rise in price? We were thought in school that this situation requires that price should stay as is or if ever it rise, it should not be recurring. Another thing that I am puzzled is that the gasoline prices have been marked up again, but their supplies were based on a previous purchase, meaning the price should have been on a previous price, too. I guess there are many business owners of petroleum who wants a greater profit for themselves. Oh well, we can't demand them to lower their prices, can we? I believe we ought to strive harder to earn more. It's a good thing your husband earns in dollars, and better yet, you work home-based. I do envy for this. It's been my dream ever since to own a business, but funds have been low; so until now, I am still an employee in a private institution.