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Sunday, August 25, 2024

Price Gouging -- Uncle Ben's Rice -- Lundberg Rice -- Iberia Jasmine Rice -- August 25, 2024

Locator: 48452PRICEGOUGING. 

Rice is a staple. I would assume the Democratic presidential candidate would be concerned about price gouging a staple. She has said that if elected president she would go after price gouging.

Speaking of gouging, is Uncle Ben's gouging on the price of rice? Is Lundberg gouging on the price of rice?

Uncle Ben's rice at 20 cents / ounce. At 20 cents / ounce, 3.3x that of Iberia (see below)

Lundberg rice at 23 cents / ounce. At 23 cents / ounce, almost 4x that of Iberia jasmine rice.

Iberia jasmine rice at 6 cents / ounce.  At six cents ounce, about one-fourth the cost of Lundberg rice.

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