Warehouse Stores Restrict Rice Sales |
| New York Times - Apr 24, 2008 |
The two biggest warehouse retail chains, Sam’s Club and Costco Wholesale, are limiting how much rice customers can buy.
Sam’s Club is a division of Wal-Mart Stores, but the broader chain has no plans to limit food purchases.
American rice futures are hitting record highs amid global food inflation, although one rice expert said the warehouse chains might be reacting less to any shortages than to stockpiling by restaurants and small stores.
Sam’s Club declined to say if this was first time it had restricted sales of bulk foods. The limits affect 20-pound bags, not retail-size portions. Costco could not immediately be reached for comment on its limits, which affect bulk purchases in some stores.
Read Full Article from New York Times
- Posted: 2008-04-24 08:47:45
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