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Load up the Pantry!

April 25th, 2008 at 08:33 am

From the Wall Street Journal:

Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.

Read the full article here.

5 Responses to “Load up the Pantry!”

  1. creditcardfree Says:

    Makes sense. Talk about changing the way I grocery shop. I'm really not a stockpiler of anything. I really should try to change my ways...looks like now might be a very good time.

  2. mom-from-missouri Says:

    I'm stocking up on rice. DH heard on the news that there isn't enough of it in silcone valley and other areas as well are rationing it.

  3. NJDebbie Says:

    There goes the price of take-out Chinese food. Costco and BJ's are already limiting the amount of rice you can buy on my neck of the woods.

  4. Broken Arrow Says:

    I knew my cans of spam would come in handy!

  5. Aleta Says:

    They say that there is not necessarily going to be a shortage here, but the prices will rise. The reason why Costco's are limiting it is because restaurants who use alot of rice will hoard it.

    When I was in 2 grocery stores the other day, I couldn't believe how fast the rice was disappearing. Alot of people had 10 and 20 lb bags in their carts. It never hurts to buy someting at a lower price rather than later on when it will be high.

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