Limit your rice purchases, please?
Find a Conversation
Limit your rice purchases, please?
| Wed, 04-23-2008 - 9:33am |
The price of a food staple -- rice -- is rising significantly, NBC11 reported.
The price of rice has increased dramatically in recent weeks due to crop failure overseas and resulting hoarding, NBC11 reported.
And at least one Bay Area store is asking customers to hold back on their rice purchases. Costco has posted signs asking customers to follow their regular rice-buying habits.
The rice price increase is a result of a domino effect, NBC11's Noelle Walker reported. Drought in Australia led to a severe decline in rice production that in turn led the world's largest rice exporters to restrict exports. That spurred higher rice prices and hoarding in Asian countries, NBC11 reported.



Pages
NEW YORK, April 23 (Reuters) - Wal-Mart Stores Inc's (WMT.N: Quote, Profile, Research) Sam's Club warehouse division said on Wednesday it is limiting sales of several types of rice, the latest sign that fears of a rice shortage are rippling around the world.
Sam's Club, the No. 2 U.S. warehouse club operator, said it is limiting sales of Jasmine, Basmati and long grain white rice "due to recent supply and demand trends."
U.S. rice futures hitting an all-time high Wednesday on worries about supply shortages.
Oh! I don't remember the TP shortage.. now that would be a tradgedy!
Coffee shortage.. ahh well now that
An actual sortage of rice, and the ability of the developed world to pay for more than the developing world for what is the staple food for billions of people could well result in serious starvation.
I don't doubt that! But we, here in America, certainly don't need to start hoarding (and worsening the problem of) rice.
My grandparents had as my mother tells me, an ENTIRE linen closet full of toilet paper. For a family of 3. LOL!!! Yes, I know it's not as *serious* as the horrible, horrible rice rice shortage. I was just bringing a bit of levity amidst the doom and gloom.
Good God.
Fine.
Pages