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Wal-Mart Bans Bulk Sales Of Rice
The Telegraph (UK) ^ | 4-24-2008

Posted on 04/23/2008 7:32:50 PM PDT by blam

Wal-Mart bans bulk sales of rice

By Our Foreign Staff
Last Updated: 2:42am BST 24/04/2008

The American supermarket chain Wal-Mart yesterday banned bulk sales of rice at its cash-and-carry businesses, as the global food shortage and soaring price of food began to make an impact in the largest consumer nation.

The company's bulk supply division, Sam's Club, announced that it would sell a maximum of four bags of rice to each customer, after Costco, a rival chain, said it would place caps on some rice and flour sales in California.

The limits were imposed after some customers, apparently alarmed by the soaring prices for staple foods, made unusually large bulk purchases after the price of rice in some stores doubled in the past month.

While there was little evidence of "panic" buying, some restaurants and smaller retailers were buying up large stocks in the expectation that prices would soar higher.

Wal-Mart's regular stores, used by millions of Americans, are not subject to the restriction.

"What you're seeing is people who buy in larger quantities, who have a restaurant or a corner store, stocking up because of media reports that prices could go higher," said Dave Heylen, a spokesman for the Californian Grocers' Association.

A statement issued by Sam's Club said the limits were imposed "due to recent supply and demand trends".

James Sinegal, the chief executive of Costco, said the firm would limit only very big purchases.

Any customer wanting 10 pallets of flour probably would be told they could have only one pallet, he said.


TOPICS: News/Current Events
KEYWORDS: bans; rice; sales; wqalmart
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1 posted on 04/23/2008 7:32:51 PM PDT by blam
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To: blam

Beans next?


2 posted on 04/23/2008 7:35:17 PM PDT by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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To: blam

I think I have a bag or two left over from Y2K. Not sure about the Spam.

Maybe I should put it up on EBay.


3 posted on 04/23/2008 7:35:45 PM PDT by PAR35
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To: blam

The Doughboy that ate Cincinatti!

4 posted on 04/23/2008 7:36:34 PM PDT by Uncle Miltie (New York Times Endorsed!!!)
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To: dynachrome
"Beans next? "

or dog food? . . . worse yet, cat litter.

5 posted on 04/23/2008 7:36:44 PM PDT by Think free or die
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To: blam

HA! 1920’s saw the big bank runs,
2008 sees the day of the big rice runs, bringing a “depression” of rice worldwide.


6 posted on 04/23/2008 7:38:07 PM PDT by prayforpeaceofJerusalem
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To: PAR35

check it for worms, first.


7 posted on 04/23/2008 7:38:45 PM PDT by prayforpeaceofJerusalem
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To: dynachrome

Or TP?


8 posted on 04/23/2008 7:39:39 PM PDT by Conservative4Ever
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To: blam; All

Related:

Americans hoard food as industry seeks regs
http://www.freerepublic.com/focus/f-news/2006044/posts


9 posted on 04/23/2008 7:40:25 PM PDT by 2ndDivisionVet (McCain could never convince me to vote for him. Only Hillary or Obama can!)
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To: blam

I keep a big bag of rice in the freezer just in case. Have for years.


10 posted on 04/23/2008 7:43:04 PM PDT by A_perfect_lady
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To: blam
I read where people are buying rice here to send to their family in the Philippines.
11 posted on 04/23/2008 7:43:32 PM PDT by Aquamarine
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To: Conservative4Ever

TP in Zimbabwe is worth more than the money!


12 posted on 04/23/2008 7:45:41 PM PDT by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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To: Aquamarine
Rice Shortage Threatens Asia
13 posted on 04/23/2008 7:46:00 PM PDT by blam (Secure the border and enforce the law)
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To: 2ndDivisionVet

The last great TP shortages had Asian’s carrying boxes onto international flights and all the stores shelve were empty.
It follows that the rising prices was going to cause the Asian’s and Latino’s to stock up..since they have experienced these situations before. Give it a couple weeks and there won’t be a bag of rice to find...


14 posted on 04/23/2008 7:46:06 PM PDT by Oldexpat
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To: prayforpeaceofJerusalem

Added protein.

It’s been in ziplocks.


15 posted on 04/23/2008 7:46:18 PM PDT by PAR35
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To: Aquamarine

I’d like to know what all this is leading up to.

There is always a reason behind hysterical headlines.


16 posted on 04/23/2008 7:48:15 PM PDT by Shortcake
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To: PAR35

Ugh! added enzymes from the plastic. Everything I stored in plastic bags got tossed, for that reason.


17 posted on 04/23/2008 7:50:53 PM PDT by prayforpeaceofJerusalem
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To: Shortcake

They got to me. I seldom eat rice but bought a box of Uncle Ben’s rice yesterday just in case.


18 posted on 04/23/2008 7:55:14 PM PDT by Aquamarine
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To: blam

It looks like the MSM is trying to create a self-fulfilling prophesy. Frenzied articles in the MSM cause hoarding; hoarding causes temporary, localized shortages; more frenzied reports — etc. Once everyone has horded everything they can; there’ll be a monster glut to clear.


19 posted on 04/23/2008 7:57:21 PM PDT by USFRIENDINVICTORIA
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To: dynachrome

Biblical prophecy: a days wages for a loaf of bread.


20 posted on 04/23/2008 8:01:29 PM PDT by huldah1776 ( Worthy is the Lamb)
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To: USFRIENDINVICTORIA

It’s been the MSM’s design for the last few years - attacking the economy in general. Keep reporting about “recession”, and eventually it’ll happen.


21 posted on 04/23/2008 8:02:12 PM PDT by ItsOurTimeNow ("And as things fell apart, nobody paid much attention...")
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To: blam

And so it begins........


22 posted on 04/23/2008 8:03:54 PM PDT by elkfersupper
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To: blam

If George Bush came out and said we are banning ethanol in gasoline and drilling ANWR the nonsense would stop.

It’s not going to happen.


23 posted on 04/23/2008 8:08:01 PM PDT by Cold Heart
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To: Aquamarine

Don;
‘t feel bad. I just bought another pound myself.

The thing about rice is, in the event of marshall law, and you can’t leave the house..it will feed humans and dogs, and cats, maybe even birds.

I’m reminded of what my grandmother used to say on certain occasions: Better safe than sorry. Where there is smoke there is fire.


24 posted on 04/23/2008 8:08:38 PM PDT by Shortcake
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To: Cold Heart

It’s not going to happen because the President can’t do that.


25 posted on 04/23/2008 8:10:42 PM PDT by Shortcake
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To: Shortcake

I was thinking that I should go and buy some seeds and start a garden. It seems like this would be a good year to do so.


26 posted on 04/23/2008 8:11:11 PM PDT by luckystarmom
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To: USFRIENDINVICTORIA
I agree - we're being manipulated. Whatever happened to all the articles about how Americans are too fat and food too plentiful? In the space of a few weeks we've gone from having too much food to having empty rice shelves. If this weren't an election year, I suspect things would be reported differently.

No doubt there are challenges, but I have a lot of faith in ordinary hard-working people the world over. If our politicians will only get out of the way, we'll muddle through this too.

27 posted on 04/23/2008 8:11:34 PM PDT by Think free or die
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To: luckystarmom

Seeds are always a good idea.

If not for yourself, good for trade.

This “crisis” may not be real, but then again, it may very well be someday.


28 posted on 04/23/2008 8:13:46 PM PDT by Shortcake
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To: Shortcake
marshall law

Who dat?

29 posted on 04/23/2008 8:13:52 PM PDT by Peelod (I do renounce Hillary! and all her pomps and works.)
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To: blam

how about the government stop using taxpayer money to buy millions of tons of rice every year and sending it to africa.


30 posted on 04/23/2008 8:13:55 PM PDT by stricklandpoliticalmachine
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To: Peelod

I know I can’t spell.

But, I never call false something that can happen.


31 posted on 04/23/2008 8:15:29 PM PDT by Shortcake
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To: dynachrome
"Beans next?"

I hope it is broccoli. ;-)

32 posted on 04/23/2008 8:15:36 PM PDT by verity ("Lord, what fools these mortals be!")
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To: Shortcake

I know he can’t do it, that is why I said it won’t happen.


33 posted on 04/23/2008 8:15:50 PM PDT by Cold Heart
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To: Shortcake

Just as a side note, we’re having chicken & rice tommorow.
Both bought “on sale”.


34 posted on 04/23/2008 8:21:43 PM PDT by Cold Heart
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To: Shortcake
By EO, he could.

Make it a National Security issue and claim it's to insulate the US from volatility upcoming in the ME.

There are ways to do anything, if you really want to.

George doesn't want to.

35 posted on 04/23/2008 8:23:16 PM PDT by Thumper1960 (Unleash the Dogs of War as a Minority, or perish as a party.)
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To: Cold Heart

Oh no! Don’t eat the rice! That is for emergency use.


36 posted on 04/23/2008 8:27:20 PM PDT by Shortcake
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To: Thumper1960

Dubya doesn’t want to do a lot of things, I agree.


37 posted on 04/23/2008 8:28:33 PM PDT by Shortcake
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To: Shortcake

There were some big bags of rice on the floor that I’d never noticed before, felt like it would have been smart to buy one.


38 posted on 04/23/2008 8:29:06 PM PDT by Aquamarine
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To: blam
Anybody know if the Navy still ruins every meal with rice or not? Back in the 1970’s the Mess Specialist Chiefs were mostly Filipino especially on carriers. Rice for lunch and rice for supper usually mixed in with the main dish. Naturally they ordered plenty of rice no matter what. We never ran out I kid you not. If you said no rice they looked at you like you were an uncivilized mad man. It cured me of ever wanting another meal with rice in it. Give me beans instead anything but rice.
39 posted on 04/23/2008 8:32:13 PM PDT by cva66snipe (Three Blind Rats. Three Blind Rats, See How They Run. See How They Run. Hillbomacain)
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To: blam

NO MO RICE FOR YOU!



40 posted on 04/23/2008 8:32:29 PM PDT by stlnative
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To: Shortcake

I tried that emergency use only with my 2 & 4 year old grandkids and flashlights & lanterns. Didn’t work, they trained me to store what you eat & use & use what you eat & store. ( I hid a couple of flashlights)


41 posted on 04/23/2008 8:37:11 PM PDT by Cold Heart
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To: Aquamarine
There were some big bags of rice on the floor that I’d never noticed before, felt like it would have been smart to buy one.

Off the floor? We are not hungry yet!

42 posted on 04/23/2008 8:37:48 PM PDT by Shortcake
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To: Shortcake

No Bees, no Rice? I’m curious as well why a food shortage out of nowhere?


43 posted on 04/23/2008 8:40:43 PM PDT by OeOeO (Sic Transit Gloria Mundi... Gloria get me a beer,and hurry..)
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To: blam

44 posted on 04/23/2008 8:41:37 PM PDT by Allegra (Tehran delenda est)
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To: Cold Heart
I tried that emergency use only with my 2 & 4 year old grandkids and flashlights & lanterns. Didn’t work, they trained me to store what you eat & use & use what you eat & store. ( I hid a couple of flashlights)

I understand what you're saying.

My husband and I are in a position where we don't necessarily have to believe the future will be what we want it to be.

Without children, we can think of the worst and prepare. If we had children, well, we'd laugh at all this $hit. We'd have to.

45 posted on 04/23/2008 8:43:43 PM PDT by Shortcake
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To: cva66snipe
"Anybody know if the Navy still ruins every meal with rice or not? "

I don't know. I was on subs...we ate whatever we wanted. Steak and lobster each Friday too.

46 posted on 04/23/2008 8:44:49 PM PDT by blam (Secure the border and enforce the law)
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To: OeOeO

I usually see things for what they are. But now, I don;t know. This is beyond politics. Maybe.


47 posted on 04/23/2008 8:45:12 PM PDT by Shortcake
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To: Shortcake

Now I’m just the opposite, with kids I think of the worst and prepare. (My old tagline was Ever Vigilant, Never Fearful). Now if I were single, then I could laugh at it. Although I have noticed where the price of beer is going up as well. ;)


48 posted on 04/23/2008 8:48:57 PM PDT by 21twelve (Don't wish for peace. Pray for Victory.)
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To: Shortcake
Maybe it was a floor level shelf, the plastic bags of rice were so big I couldn't tell.

Hope it doesn't come to that, wouldn't want to eat that much rice.

49 posted on 04/23/2008 8:54:41 PM PDT by Aquamarine
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To: blam
I don't know. I was on subs...we ate whatever we wanted. Steak and lobster each Friday too.

One time when we had steaks a cook used what he thought was cooking oil. Nope. Cans all look the same ya know. A person has to read them on the ship. Well he didn't. Several hundred got a good gut cleansing from the detergent. We kept a hot plate {bottom half of a popcorn popper sold in the ships store}in our shop and had access to the walk in coolers anytime :>}

50 posted on 04/23/2008 8:54:59 PM PDT by cva66snipe (Three Blind Rats. Three Blind Rats, See How They Run. See How They Run. Hillbomacain)
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