Thursday, 24 April 2008

Guardian: Shops ration sales of rice as US buyers panic

The global food crisis reached the United States yesterday as big retailers began to ration sales of rice in response to bulk purchases by customers alarmed by rocketing prices of staples.

Wal-Mart's cash and carry division, Sam's Club, announced it would sell a maximum of four bags of rice per person to prevent supplies from running short. Its decision followed sporadic caps placed on purchases of rice and flour by some store managers at a rival bulk chain, Costco, in parts of California.

The world price of rice has risen 68% since the start of 2008, but in some US shops the price has doubled in weeks. Read more
No comments will be posted without a full name and location, see the

No comments: