Skyrocketing rice prices has Sam’s Club limiting sales

Retail chain Sam’s Club will limit the sale of large quantities of rice amid a dramatic increase in the global price of rice.

The store will limit customers to four 20-lb. bags of jasmine, basmati and long-grain white rice, the company said in a statement. Its restriction mainly will affect businesses that buy rice in bulk, but the company said “a typical Sam’s Club Business Member does not buy more than 80 pounds of rice in one visit.”

Skyrocketing rice prices has Sam’s Club limiting sales

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2 Responses to “Skyrocketing rice prices has Sam’s Club limiting sales”

  • Jim:

    “Take Mine”

    There is a real food crisis worldwide and it’s not going to get better any time soon. This is an opportunity for us to lead the way and show the world that there are still Americans willing to help.

    The normal supply of rice is down do to drought, pests, and the freezing of exports. This results in prices going through the roof on the futures markets. International aid organizations are getting less and less rice for their dollars, and people are dying.

    We can help feed these people with a “Take Mine” approach. Just don’t buy rice during the month of May – let those that need it have it.

    If enough people around the world stopped buying rice for a month then demand would drop, inventory would swell, and prices would decline. Aid organizations would then be able to buy more rice at a cheaper price and give it to those that really need it.

    If you think this is a good idea, then spread the word.

  • mealblogger:

    Jim,
    That’s a great idea and exactly the type of thing the franchisors should be thinking of.
    So here’s the challenge for the month of July, who (franchise or independent) will step up to the plate and do a rice free month?
    Advertise it, promote it and explain why it’s being done. An indy might be able to do it in June, but with the long lead times the zor’s have I’ll give them till July.

    Any takers?

    MB

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