Friday, April 25, 2008

The Wal-Mart Rice Riots of 2008! Or Not.

OK, OK, calm down, I'm EXAGGERATING. There haven't been any riots per se!

But enough people have apparently been hoarding rice for Wal-Mart to restrict rice sales.

The world's largest retailer, Wal-Mart, is restricting sales of rice at one of its chains - the latest sign of a global shortage of the staple food.

Sam's Club, Wal-Mart's cash-and-carry division, says customers can buy a maximum of four bags per visit.

The limit applies to jasmine, basmati and long grain white rice.

The international price of rice has risen by 68% this year and Wal-Mart said the restrictions were "due to recent supply and demand trends".

Hmmmm.

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