Rice Futures Hit a Record High

Summary


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., on Wednesday called "recent supply and demand trends."

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

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Rice Futures Hit a Record High

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 ...

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