By JOSH GERSTEIN
PALO ALTO, Calif. — Rationing of rice by retail stores has spread as
far as Israel since The New York Sun reported on the phenomenon in
Northern California last week.
The Blue Square and Supersol supermarket chains have begun limiting
purchases of rice, Israeli newspapers said yesterday. Supersol is
restricting each customer to "three bags per type of grain product,"
the Jerusalem Post reported.
Meanwhile, Asian grocery stores seem to be joining their larger
wholesale-style competitors in curbing purchases. A supermarket chain
which caters to Chinese Americans, 99 Ranch, is imposing
two-bag-per-customer limits on most of its 20-pound and 50-pound sacks
of rice, according to signs at its store in Cupertino, Calif. That
store and others in the chain were selling rice without limitation a
week ago.
Last week, Sam's Club announced it was limiting customers to four bags
of imported Jasmine, Basmati, and long grain white rice. Costco had
imposed such limits earlier, though they were not widely known until
the Sun's report.
Trade associations for rice farmers and processors in America contend
there is no shortage here, though prices for the grain have risen two
to three times in recent months. However, there have been ... more »
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Tuesday, April 29
by
Publisher
on Tue 29 Apr 2008 09:40 AM AKDT
by
Publisher
on Tue 29 Apr 2008 09:35 AM AKDT
The food crisis is bringing about a role reversal in the World Trade
Organization: traditionally liberal major food exporters are now
imposing restrictions on exports while protectionist states are pushing
for liberalisation.
To deal with the recent hike in food prices, Argentina, Brazil, Vietnam, India and Egypt have all imposed limitations on the export of certain produce in order to ensure food security for their populations. This is unusual for some of these countries. Argentina and Brazil, for instance, are part of the Cairns group, among the most aggressive proponents of liberalisation in the Doha round of trade liberalisation negotiations at the WTO. The members of this group want the European Union and the United States to lower tariffs so they can export their food produce. The direction taken by these developing nations is embarrassing their representatives in Geneva. A Brazilian official told AFP that he "does not understand" his government's decision to announce Thursday a temporary stoppage of rice exports. Brazil's government also said it was digging into its 1.6-million-ton reserve of rice to alleviate price pressure on the staple, which has become increasingly expensive worldwide as consumption grows in Asia, its main market. "These measures concern stocks of ... more »
by
Publisher
on Tue 29 Apr 2008 09:33 AM AKDT
* U.N. to set up task force to handle crisis
* World Bank says export bans make matters worse * India slaps export tax on basmati rice * Thailand says to release stockpiled rice * U.S. President Bush says deeply concerned (adds Ban Ki-moon speech in Geneva, new paragraphs 11-12) By Laura MacInnis BERNE, April 29 (Reuters) - U.N. agencies and the World Bank pledged on Tuesday to set up a task force to tackle an unprecedented rise in global food prices that is threatening to spread social unrest. The international bodies called on countries not to restrict exports of food to secure supplies at home, warning that could make the problem worse. "We consider that the dramatic escalation in food prices worldwide has evolved into an unprecedented challenge of global proportions," the United Nations said in a statement. This had become a crisis for the world's most vulnerable people, including the urban poor, it said after a meeting of 27 international agency heads in the Swiss capital, Berne, to chart a solution to food price rises that have caused hunger, riots and hoarding in poor countries. "Though we have seen wheat prices fall over the last few days, rice ... more » |
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