Walmart restricts rice sales

From BBC.

The world's largest retailer, Wal-Mart, is restricting sales of rice at one of its chains - the latest sign of a global shortage of the staple food.

Sam's Club, Wal-Mart's cash-and-carry division, says customers can buy a maximum of four bags per visit.

The limit applies to jasmine, basmati and long grain white rice.

The international price of rice has risen by 68% this year and Wal-Mart said the restrictions were "due to recent supply and demand trends".


Here it is in the US... Food rationing. Whoodathought? In part due to our naive desire for real estate to always go "up up up!"

Comments

Tango Juliet said…
I am thinking of going back to France, get a garden and grow my potatoes.
One cannot live on thin air (derivatives, bonds, futures).. does not feed the man
April 24, 2008 at 10:45:00 AM PDT
Anonymous said…
I read that many are purchasing rice to send to their relatives overseas because they are in a legitimate food crisis.
April 24, 2008 at 12:33:00 PM PDT
Dr. Roy Schestowitz said…
A tad spooky. I'd have to think twice the next time I order 150 tins of tuna.
April 25, 2008 at 4:38:00 AM PDT
Juha Lindfors said…
In part due to our naive desire for real estate to always go "up up up!"

Do you find these connections as fascinating, mind-boggling and ultimately sad as I do?

You are following a link of events starting from a mortgage salesman selling a dodgy debt to an unemployed black man sitting on a crumbling porch of an almost fallen down house in Alabama (just in case, here's the reference) and you end up with food riots across the world somewhere which are at least partially affected by the former.

Talk about a butterfly effect (RIP Prof. Lorenz).
April 25, 2008 at 9:22:00 AM PDT
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April 12, 2009 at 10:50:00 AM PDT
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