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Food Crisis Catches Up With Americans

by Gopalan on April 25, 2008 at 11:41 AM General Health News

Food crisis building up across the globe has come home to Americans too. Wal-Mart, the world’s largest retailer, has announced rationing of rice.

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It 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.”

“We are limiting the sale of Jasmine, Basmati and Long Grain White Rices to four bags per member visit,” the company said in a statement. “This is effective immediately in all of our U.S. clubs, where quantity restrictions are allowed by law.”

Wal-Mart is the second-major grocer to limit the purchasing of a commodity because of the recent run-up in prices. The company said it is not limiting the purchase of other basic food products like flour or oil.

The price of rice, which is the primary foodstuff for the majority of the human population around the world, rose to $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.

In Chicago, the price of export-quality rice rose to $24.745 per 100 pounds on Tuesday, reports Fox News.

The run up in price in rice is primarily related to poor harvests and countries curbing exports. Thailand, Asia’s largest exporter of rice, said it may curb exports.

The World Food Program called the recent run up in prices of rice and other basic commodities a “silent famine.”

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