Rumors of Rice Shortage Spark Another Panic Buying in Tarawa.

A controversial rice shortage rumour has once again caused panic buying in Tarawa, the capital of Kiribati, as residents rushed to local shops to stock up on rice. The incident, which occurred earlier today, saw people flocking to wholesalers and retailers across the capital after rumours spread that rice supplies were running low.

As news of the supposed shortage spread, many rushed to purchase not just one, but several bags of rice—some even taking as many as four, fearing they might not get another chance to buy it. Rice has become a staple food in Kiribati, particularly in Tarawa, where more than half of the country's population resides, making it an essential commodity for daily life.

The source of the rumour has raised concerns, with some suggesting that the wholesalers might be trying to clear out their old rice stock in anticipation of new shipments.

The government of Kiribati has consistently reassured the public, stating that there has always been enough rice to meet demand before the next major shipments arrive, and that there is no reason for panic.

The Ministry of Commerce has confirmed that there is no rice shortage, and the next significant shipment is anticipated by March 8.

Despite this, the fear of running out of rice has led to widespread buying frenzies, and many are questioning whether the rumour is an orchestrated move to take advantage of the situation.