Should Shoppers Hoard Rice?
With Sam's Club and Costco stores limiting how much rice customers can buy, shoppers are asking themselves: Should I stock up on the staple? After watching a news report on the rationing last night, I suggested to my husband that we should go buy several bags of the grain. He immediately made fun of me for wanting to hoard something that was not actually in short supply.
In this case, my husband is right. There is no need to stock up, because there is no shortage in the United States. (There are concerns about rice shortages in other countries, including India and the Philippines.)
There is, however, above-average price inflation going on for all kinds of food, which makes it more important to focus on cutting grocery costs—not adding to them by buying more rice than necessary.
Tags: food | food prices
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Reader Comments
Rice hoarding
No, there's no need to hoard rice. Just like gas, if you can afford it, you can purchase it. When it gets too expensive just like eggs have been, we'll also not eat rice. Eventually we'll get someone in office that will actually help low $ citizens such as myself and help get this country back in line.
eggs & rice
Ken - do eggs seem too expensive? I know they have gone up in price, but they are still only around 25 cents an egg... not a bad deal compared to meat, for example.
Veronica- you're right, no need to worry for those of us who stick to 3-serving size containers... the limits were on the bulky purchases!
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