Thursday, April 24, 2008

Food Shortages
Coming to a store near you.

The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called on Wednesday "recent supply and demand trends."

The broader chain of Wal-Mart stores has no plans to limit food purchases, however.

The move comes as U.S. rice futures hit a record high amid global food inflation, although one rice expert said the warehouse chains may be reacting less to any shortages than to stockpiling by restaurants and small stores.

Sam's Club followed Seattle-based Costco Wholesale Corp., which put limits in at least some stores on bulk rice purchases.

Sam's Club declined to say if this is first time it has restricted sales of bulk foods. The limits affect 20-pound bags, not retail-sized portions. Costco could not immediately be reached for comment on its limits or whether they are the first ever.

Sam's Club said it will limit customers to four bags at a time of imported jasmine, basmati and long grain white rice.[...]

People continue to buy rice, but the supply is OK at this point.

"We have enough for now, but I'm not sure about the future," Pongsopon said.

Japan is having a butter shortage.

Via Boing Boing and Digby.



No comments: