A technically correct though misleading headline

by thoughtfulconservative

Wal-Mart limits rice purchases.

Well it is Wal-Mart but not the whole chain.

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, called “recent supply and demand trends.”

Demand from developing countries and poor crop yields have pushed rice prices up 70 percent so far this year.

The broader chain of Wal-Mart stores has no plans to limit food purchases, however [emphasis mine].

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. [emphasis again mine]

So is Costco although the one in Grafton has not instituted this policy.

The real reason is, most likely, people seeing rising prices and lower supplies and wanting to load up before further prices rises or shorter supplies.

Sorta like Y2K?

Cap tips all around to Badger Blog Alliance sent me to Nick’s post where steveegg had linked in the comments.

Well, I had read it earlier elsewhere, but wasn’t that more fun?


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