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Bay Area Shoppers Asked To Limit Rice Purchases
The price of a food staple — rice — is rising significantly, NBC11 reported.
The price of rice has increased dramatically in recent weeks due to crop failure overseas and resulting hoarding, NBC11 reported.
And at least one Bay Area store is asking customers to hold back on their rice purchases. Costco has posted signs asking customers [...]
Americans Hoard Food as Industry Seeks Regulatory Steps on Rice, Flour, & Oil
Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas.
Their pleas did not find a sympathetic [...]
