Thursday, July 24, 2008

Nation & World

The News Desk

Sam's Club Rations Imported Rice

April 24, 2008 04:13 PM ET | Kent Garber | Permanent Link

In the past few weeks, we've been hearing reports of rice troubles from abroad, set off by spikes in prices and concerns about shortages: India and Vietnam have put up export bans on rice; farmers in Asian countries are hoarding stocks; and the Philippine government is cracking down on everyone from distributors to fast food chains, hoping to avoid a nationwide panic.

But we're not feeling any of the fallout here in the United States, right? Think again. Citing "recent supply and demand trends," warehouse-retail giant Sam's Club announced today that it is restricting the number of 20-pound bags of imported rice customers can buy—to four bags at a time. The move follows similar actions by Costco Wholesale Corp., which imposed restrictions on purchases of rice at certain stores earlier this week.

Sam's Club is not restricting purchases of retail-size rice, however. Nor is Wal-Mart, Sam's Club's corporate owner, planning to impose any limits of its own.

—Kent Garber

Tags: food | imports | retail | food prices

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Reader Comments

rice

i think the rice should low the price down just a little bit, that way before end of this month all members associate will buy more and they will stock more in their home, atleast 3 to 4 dollars lest , and will all see more people out side that buy rice instead there stop by to sums club.

best cooler

i've notice the cooler is one of the best you guys's have. specially for me tha day is friday, suturyday , sunday and monday.

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