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Video: Specter of Food Rationing Hits US Supermarkets Print E-mail
Contributed by J. R. Ransom   
Food Rationing?
Food Rationing?
Video (1min 43sec): Specter of Food Rationing Hits US Supermarkets. "The two biggest US retail chains are limiting how much rice customers can buy because of what Sam's Club called 'recent supply and demand trends.'

"The move comes as US rice futures hit a record high amid global food inflation. Sam's Club followed Seattle based Costco which put limits in at least some stores on bulk rice purchases..."

"...Investors in the commodities market are betting that surging world demand will continue to pressure already dwindling stockples. Rising food prices have been blamed on increasing demand, droughts, and the diversion of food crops to biofuel production. But many analysts are now pointing to speculation on commodity markets as an important factor in growing food prices. Rice prices have gone up 70% so far this year raising fears of severe shortages of a staple food consumed by more than half the world's population..."


 
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