Walmart is reportedly planning to charge $10.99 per pound of rice purchased at its store, with some items going for as little as $2.99.
While the company has previously claimed it is not charging for rice, the new pricing plan comes as Walmart is facing a major food shortage in the United States.
Walmart has been under a lot of pressure to curb its food prices, as food prices have skyrocketed and as the country’s labor force has dwindled due to the pandemic.
While Walmart has promised to bring prices down for all items, many are concerned that prices will only increase for the most basic items, such as rice, which they feel are not worth the additional cost.
According to a report by Food & Water Watch, Walmart will be charging $3.99 for a bag of rice.
A bag of 3lb rice will cost $1.99, a bag with 4lb rice for $3, and a bag worth 5lb rice would cost $6.99 a bag.
This new pricing is likely to make a big impact on those who purchase rice at Walmart.
“While we know Walmart is doing this for the sake of lowering prices, we are concerned it’s a waste of time and resources,” said one Walmart shopper, who requested anonymity.
“It’s not a good use of money.
We know the rice is cheap.
We just don’t want to pay for it.”
The Walmart spokesperson also said that the price increase is just for the rice bag, and not for the other items.
“We want to make sure all of our customers can get the best deal on the best ingredients, so we’re offering these price reductions on the entire rice range,” the spokesperson told Business Insider.
“Our goal is to bring the lowest price possible to our customers and we’re doing that by eliminating the rice price hike and bringing it back to its normal price of $3 per bag.”
Walmart has previously said that it does not have a price on rice and does not sell rice in bulk.
According a recent report from Food & Wine, the average Walmart customer spends $1,000 on rice, but the company is spending more than $3 billion on rice each year.
Walmart said in a statement that it is “working with partners to reduce the cost of rice and other bulk purchases to keep our customers happy and the environment friendly.”
Walmart’s rice prices may seem surprising to many, but they are common practice for food companies in the industry.
The price of rice is typically set by a rice manufacturer, which sets a wholesale price for rice.
In other words, a rice producer sets the price of the rice.
The average wholesale price of a bag that is packaged and shipped to a store is $1 per 1lb bag.
The rice maker then sets the retail price of that bag.
While there are a lot more rice bags than people would think, the rice maker’s set price for each bag is typically the same for each package, meaning that the rice supplier is getting a fixed price for the bag.
But some food companies have gone to great lengths to get rice prices lower than the wholesale price, which can cost a company millions of dollars.
For example, in 2011, Whole Foods introduced a rice pricing program to try to make rice more affordable to Walmart customers.
The company started offering its rice in 1lb bags for a price of just $1 and started charging a 1lb rice bag for the same price.
Walmart’s price hikes on rice may be an attempt to help keep its prices low, but many shoppers are worried that the company will just charge more for rice than it actually costs to produce the bag, especially if the rice itself is also made with more expensive materials.
“When Walmart is charging $10 for a package of rice that is only 3lb in size, it’s going to make consumers feel like they’re paying more for the item,” said Michael Mays, food safety coordinator at Food & Vine.
“But when Walmart’s pricing system is just 1lb and it’s $10 per 1lbs, then you’re going to feel like you’re paying a lot less for the product.
It’s just not fair.”