Wal-Mart, the world’s largest retailer, said on Wednesday that it would ration the amount of rice each customer can purchase at its Sam’s Club warehouse stores because of recent “supply and demand trends.”

“We are limiting the sale of Jasmine, Basmati and Long Grain White Rices to four bags per member visit,” the company said in a statement. “This is effective immediately in all of our U.S. clubs, where quantity restrictions are allowed by law.”

This was a shock to me, out of all commodities I assumed rice was a staple that was in high supply.

The reason giving for this ration and the alarm bells heard around the world: The price of rice rose to $894 a metric ton, compared to $327.25 a ton average price in the same month last year. In addition the rice harvest have been poor and countries are curbing exports.
With the price of fuel reaching $4 in San Francisco today, a rice shortage and a dollar that’s look more and more like a peso what are consumers to do?

Are you concerned about the implications that this can have on your pocketbook, on your dinner table and your overall welfare?

http://www.freshcustomerservice.com

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