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World food crisis hits home; Costco seeing higher demand for staples
Seattel Post Intelligencer ^ | April 22, 2008

Posted on 04/23/2008 7:48:46 AM PDT by Lorianne

As the world faces its first global food crisis since World War II, even American consumers are starting to fret.

Media reports are starting to trickle in about grocers limiting some food purchases, while Costco Wholesale Corp. is seeing higher-than-usual demand for staple foods such as rice and flour as consumers appear to be stocking up.

Costco Chief Executive James Sinegal told Reuters news service in an interview Tuesday that the Issaquah-based wholesale company is managing the situation. "If we run out, we're usually back in stock the next day," he said.

The Reuters story followed a Monday article in The New York Sun, which reported that certain food sellers, including a Costco warehouse in California, were limiting purchases of flour, rice and cooking oil. Sinegal, through an assistant, declined further interviews Tuesday.

(Excerpt) Read more at seattlepi.nwsource.com ...


TOPICS: Business/Economy
KEYWORDS: economy; food; hunger; thefutureoffood
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Gee, I bought a big bag of rice at Costco last week. Didn't know I was contributing to a food panic.
1 posted on 04/23/2008 7:48:47 AM PDT by Lorianne
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To: Lorianne
Liberals will demand price controls and rationing. A prescription that will only exacerbate the current food price crisis.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

2 posted on 04/23/2008 7:50:49 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Lorianne

Food shortage? Oh, God, save us from another liberal scam. The SPI is now carrying another “liberal crisis banner” — yes, tell that all to the farmers who are being SUBSIDIZED BY THE U.S. TAXPAYER in huge sums of money, TO NOT GROW FOOD.

Now, again SPI, what food shortage???


3 posted on 04/23/2008 7:51:28 AM PDT by EagleUSA
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To: Lorianne

Maybe folks are starting to panic due to a fear of a liberal take over of our government in November.

Be back in a bit..heading to the store to buy rice, flour and cooking oil!!


4 posted on 04/23/2008 7:56:39 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Lorianne

I get staples down at the hardware store.


5 posted on 04/23/2008 7:57:40 AM PDT by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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To: Lorianne
yep.

Better stock up before the hoarders get to the store!

6 posted on 04/23/2008 8:00:41 AM PDT by woollyone (entropy extirpates evolution and conservation confirms the Creator blessed forever.)
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To: Piquaboy

“I get staples down at the hardware store.”

I get them at, well, Staples. ;)


7 posted on 04/23/2008 8:01:53 AM PDT by L98Fiero (A fool who'll waste his life, God rest his guts.)
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To: Lorianne

Ain’t biofuels fun? Burn more corn, drive the price of everything up....what the hell. It costs twice as much to make fuel from corn, causes more polution and the list goes on. This is as bad as global warming. Does Gore own stock in corn?


8 posted on 04/23/2008 8:02:16 AM PDT by RC2
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To: L98Fiero

There you go.


9 posted on 04/23/2008 8:04:05 AM PDT by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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To: Lorianne

Are we now importing wheat?


10 posted on 04/23/2008 8:04:22 AM PDT by gathersnomoss (General George Patton had it right.)
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To: Lorianne

Don’t forget to stock up on the tar and feathers we may need b’for it’s over.


11 posted on 04/23/2008 8:06:46 AM PDT by anglian
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To: goldstategop

Americans are too fat anyway. We could all stand to slim down some.

I’m buying MRE’s and ammo.


12 posted on 04/23/2008 8:07:35 AM PDT by CholeraJoe (Shaking in the flatlands. "All your Richter scale are belong to us.")
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To: anglian

“Don’t forget to stock up on the tar and feathers we may need b’for it’s over.”

Don’t forget the pitchforks either! We might need them on our march to DC!!


13 posted on 04/23/2008 8:08:34 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Lorianne

Yep, it was you.


14 posted on 04/23/2008 8:11:04 AM PDT by Petronski (When there's no more room in hell, the dead will walk the earth, voting for Hillary.)
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To: RC2
It costs twice as much to make fuel from corn, causes more polution and the

I don't have the figures, I but I agree with you that it costs more to make biofuels. Why can't we just see the light, make appropriate changes, and drill for oil?

15 posted on 04/23/2008 8:13:33 AM PDT by Holding Our Breath
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To: Lorianne

Thank you for the article, Lorianne. I have been following this impending world food shortage for some time - and am continually amazed at the posts that ridicule the possibility.

No, I am not saying, “The sky is falling!” But, I do think before we scoff at the articles and stories about rationing and food shortages, it might be wise to do a little research.

The grocery stores in my area have raised prices overnight. Rice costs have more than doubled in the last five weeks (according to this article). Many shelves are bare, that used to be full in Sam’s Club.

I don’t think it is just “Liberal Thinking” to be more than a little concerned.


16 posted on 04/23/2008 8:15:42 AM PDT by yorkie (God Bless our Heroes in Iraq and around the world)
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To: goldstategop

Jim Senegal will be standing tall with Al Gore and all the other crazies. God, I hate Costco’s management.


17 posted on 04/23/2008 8:19:22 AM PDT by bigfootbob
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To: RC2
It costs twice as much to make fuel from corn, causes more pollution and the list goes on.

Not to mention it provides less energy and costs end consumers more to fill up. Our E85 by our house costs $3.11 a gallon, but since your MPG drops about 33%, it actually has an unleaded equivalent cost of $4.14. My in-town mileage drops from 12 mpg to 8 mpg on that crap. Why would anyone want to burn it when there is still non-food based gas to be bought.
18 posted on 04/23/2008 8:20:03 AM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: yorkie

“I don’t think it is just “Liberal Thinking” to be more than a little concerned.”

IT IS ‘LIBERAL THINKING’ THAT HAS GOTTEN US IN THIS MESS!!


19 posted on 04/23/2008 8:25:14 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Lorianne

I bought a big bag of rice at Sam’s Monday along with cooking oil which had doubled in price since last week. Decided to by two.

Guess you and I brought on this panic ~snicker~


20 posted on 04/23/2008 8:28:17 AM PDT by poobear (tagline is on a coffee break!)
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