Reuters " Sam's Club, a chain owned by retail giant Wal-Mart, announced Wednesday it was placing a limit of four 20-pound (nine-kilogram) bags per person for imported jasmine, basmati and long grain white rices as a "precautionary step."
"This temporary cap is intended to ensure there is plenty of rice for all our members," said Sam's Club, which has 600 stores across the United States, adding that the measure did not apply to smaller bags of rice."
From a buisness point of view, this doesn't seem to make sense, limiting your sales. Still, if your waiting for demand to rocket, then you can hold the rice and sell it at a premium.
Good for stockholders and those willing to buy it at that price, anyways.
It's a self-enforced rationing, not government. I can take my economic flamethrower and mosey on else where.
Still, it's not helping public opinion any in regards to this economic situation. Note, not downturn. :D
And yes, I did take that picture. No, I don't know whats in it.