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Wal-Mart, the world’s largest retailer, said 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.”
$894 a metric ton according to the Thai Rice Exporters Association. That’s compared to the $327.25 a ton average price in the same month last year.
Originally posted by an0maly33
the part of me that's trying to keep a level head is telling me that this is being blown out of proportion. the other part of me is panicking a little.
Originally posted by stikkinikki
I normally eat maybe 10 pounds of rice a year. The rest of my grain diet is whole grain bread, pasta, and corn tortillas. Now that winter is over I would think American food crops will start coming on again and maybe lower prices? What if we have bumper crops this year?
I think there is alot of speculation driving prices up and maybe some stockpiling is exacerbating the situation.
Remember, it is now the growing season in the temperate Northern Hemisphere.