Wal-Mart Rations Rice, Warns of Supply Concerns

reply to post by stikkinikki


Thats it. Lots of folks are speculating on all these threads about supply demand, futures and market manipulation because most are college greanies, fresh out in the world but us old timers will tell ya right up front if you don't know everything there is to know about all the crops worldwide and have a good handle on the total last years output and good knowledge of successes and failures in all of the worlds crops, your just peeing in the wind. It so hard to figure out properly that most people go to the total cerial index and just speculate as to how many weeks worldwide are in surplus. It gets real tricky breaking out each crop, because you have to know all the successes and failures worldwide for that one crop and factor in total planted area and compare everything with several years of data.

Fuel prices for moving and farming the grains are driving it up as fast as the actual shortages from specific grains.

Will people keep their heads buried in the sand when there is a ration on all food items?

Somehow I doubt it.

There isn't a rice shortage in the US, but headlines of shortages have led to some hording on the part of some consumers and businesses.

The warehouse stores have limited the purchases in some stores to make sure they can meet demand on any given day.

A spokesman for Costco today said that as far as he knew, only one of their stores had limited purchases and that, while they might run out of rice on any given day, they are replenished overnight.

So, the reality is that the commodities market and some shortages worldwide have cause some panic among certain consumers here, which the stores want to quell so that they can serve all their customers.

www.reuters.com...

money.cnn.com...

[edit on 2008/4/24 by GradyPhilpott]

reply to post by Rockpuck

Well we American's don't live off of rice.. so it won't effect us..

Rice is one food that will last indefinitely. Currently, YOU may not eat rice, but, there are millions of Americans that do and in a pinch, rice can be combined with multiple types of food. As more people search out options, they are probably discovering that in addition to water, rice is at the top of their survival list.

Budweiser is made with rice.

I hate Budweiser, but a lot of folks think its the best beer in the world.

It's a good thing that there isn't a rice shortage in the US or there would be a lot of angry beer drinkers.

reply to post by Siren


Yes but if all of the rice in the world disappeared overnight, not many Americans would starve. However, millions if not hundreds of millions of other people around the world would.

Sure, those bags of rice at Sam's Club are huge - no one here would even eat that much. It's no big deal - for now.

This is the United States of America, though. We're supposed to be completely invincible to this kind of stuff. We're not supposed to have rations on ANYTHING. That's the point here.

Slowly but surely, this economic acid is eating away at everything.