Wal-Mart Rations Rice
Shoot! You were planning a rice-and-beans dinner party for 100, and you thought for sure your local Wal-Mart would meet all your bulk rice needs.
Think again. Because of rising rice prices around the globe and worries about shortages, the biggest big box has announced that it will ration long grain, jasmine, and basmati rice, allowing customers to purchase only four bags per visit.
Since the beginning of 2008, rice prices have risen 68 percent worldwide. This is one of the main reasons that food riots have broken out recently all over the developing world.
Saint Louis Meriska's children ate two spoonfuls of rice apiece as their only meal recently and then went without any food the following day. His eyes downcast, his own stomach empty, the unemployed father said forlornly, "They look at me and say, 'Papa, I'm hungry,' and I have to look away. It's humiliating and it makes you angry."
In light of this two-spoonfuls anecdote, Wal-Mart's four-bag limit sounds downright decadent, but rice rationing in the U.S. means that whatever is going on with supply and demand trends is not good. Once land-o'-plenty retailers start fretting about global food shortages, you can be sure it's time to worry.