Warehouse Stores Restrict Rice Sales

UNDATED (AP) - The country's two largest warehouse chains, Sam's Club and Costco, are limiting purchases of imported rice.
Sam's Club, owned by Wal-Mart, is allowing customers to buy only
four 20-pound bags of jasmine, basmati and long grain rice because of what it says are "recent supply and demand trends."
Wal-Mart is not limiting rice sales in its stores.
The move by Sam's follows similar limits imposed at some Costco
stores. A third warehouse chain, BJ's, says it is not restricting rice sales.
A U.S. Rice Federation spokesman says there is no shortage in this country.
He speculates that the restrictions have more to do with customers such as restaurants and small neighborhood stores buying greater quantities of rice to avoid the surging prices.
World rice prices have gone up some 70 percent this year. U.S. rice futures hit a record high again today.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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