Rice feels 'bullwhip effect' Shortage - real or perceived - pushes prices up, causes hoarding.(Business) From: Rocky Mountain News (Denver, CO) | Date: May 10, 2008| Author: Davis, Joyzelle | COPYRIGHT 2008 Rocky Mountain News. All rights reserved. Reproduced with the permission of Thomson Scientific by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Joyzelle Davis, Rocky Mountain News

The wall at Pacific Ocean International Supermarket tells the story of what's happened to rice in the past few weeks.

The $23.99 price for 50 pounds of brown rice has $27.99 scrawled above it. Kohuko Rose Japanese rice's $32.99 printed price is scratched out, and it's now going for $4 more a 20-pound bag. Most dramatic of all is the price for Thai jasmine rice, which nearly doubled in the past month to about $41 for ...

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