BernieHund: The Political Watchdog

April 23rd, 2008 at 5:47 pm

Rice Price Up 141% Since January

Well, say what they will, Sam’s Club has begun to ration rice, limiting customers to 4 large bags per visit.  Costco has also limited quantities.  In coming days, it is possible (and probable) that our everyday grocery stores will begin to ration sales.  There are rumors but so far that is what they are.  However, when the “big box stores” begin rationing, we should alert to what will probably come.

The government… ours… says there is no shortage.  So, why is the price up 141% over the past three months.  According to the reports, we have plenty of rice from our home sources and in storage. 

Most of the talk has been around the price of rice since India stopped exports, as has Viet Nam.  Thailand has begun to slow the export back to normal supplies.  In recent days, Thailand has tried to meet the void left by India.

Not as an after throught, but as a part of Sam’s Club rationing statement, the company said that at this time they are not rationing oil or flour.  Well… guess we better stock up.  If anything, the statement sounds like a warning of things to come.

This information was provided by NBC news and Brian Williams.


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