[Homestead] Sam's Club limits rice purchases

PAXAMICUS at EARTHLINK.NET PAXAMICUS at EARTHLINK.NET
Wed Apr 23 19:27:07 EDT 2008


http://www.mlive.com/newsflash/business/index.ssf?/base/business-82/1208979245153440.xml&storylist=business


"Sam's Club, Costco limit rice purchases as prices rise"

4/23/2008, 7:07 p.m. EDT
By MARCUS KABEL
The Associated Press	 	

(AP) — The two biggest U.S. warehouse retail chains are limiting how  
much rice customers can buy because of what Sam's Club, a division of  
Wal-Mart Stores Inc., called on Wednesday "recent supply and demand  
trends."
The broader chain of Wal-Mart stores has no plans to limit food  
purchases, however. The move comes as U.S. rice futures hit a record  
high amid global food inflation, although one rice expert said the  
warehouse chains may be reacting less to any shortages than to  
stockpiling by restaurants and small stores. Sam's Club followed  
Seattle-based Costco Wholesale Corp., which put limits in at least  
some stores on bulk rice purchases."







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