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Rice on sale in an Israeli supermarket (Nir Keidar)
Last update - 00:00 27/04/2008
Food crisis reaches Israel, stores ration rice sales
By Bar Hion, Adi Daveret, and Ophir Bar-Zohar
Tags: business, Supersol, rice

Branches of Israel's "Supersol" and "Blue Square" supermarket chains have placed limits on the amount of rice they will allow customers to purchase, according to an investigation by TheMarker.

Cashiers at the branches probed said the limits were enacted in response to an expected worldwide shortage of rice, something that Israeli market leaders have said will not affect the supply of rice in Israel.

Nonetheless, a senior business official has stated that rice prices in Israel will rise by 70 percent, along with price hikes for other staple goods like tuna, flour, coffee, cooking oil, and sugar. Other food items made from rice, such as breakfast cereals and snack foods are expected to become more expensive as well, though it is not clear at this point by how much.
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Since the beginning of the year, there has been a 50 percent hike in the price of rice worldwide, along with other basic foodstuffs such as milk, meat, sugar, and flour. Analysts surmise the problem is linked in large part to rapid population growth that is outpacing food production.

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      1.   dollar/rice/gouging 10:11  |  DC 27/04/08
      2.   The price of rice on the world market 10:15  |  Paul Wood 27/04/08
      3.   Don`t worry: we`ll take care of you 12:02  |  Colin Wright 27/04/08
      4.   China has stopped exporting 13:27  |  MaryRose 27/04/08
      5.   DC 14:11  |  Charles Smyth 27/04/08
      6.   #1 DC 14:46  |  Jim 27/04/08
      7.   #5 Charles Smyth The big buyer says.... 14:58  |  Jim 27/04/08
      8.   colin wright 14:59  |  wh 27/04/08
      9.   Stores ration rice sales 15:12  |  henry 27/04/08
      10.   no problem: let`s add more $billion to the 5billion/year donation 17:05  |  fed-up-with-lies 27/04/08
      11.   bad weather in Asia wipes out rice crop 19:03  |  peaceship 27/04/08
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