NEW YORK, April 23 (Reuters) - Wal-Mart Stores Inc’s (WMT.N: Quote, Profile, Research) Sam’s Club warehouse division said on Wednesday it is limiting sales of Jasmine, Basmati and long grain white rice “due to recent supply and demand trends.”
The news came as rice prices surged, with U.S. rice futures hitting an all-time high Wednesday on worries about supply shortages.
UPDATE 2-Wal-Mart’s Sam’s Club limiting rice purchases | Markets | Markets News | Reuters