Why am I paying $60 for that bag of rice on Amazon.com?

May 03, 2020

By The Markup

Did you know we have an online conference about digital commerce coming up? Checkout will share strategies on how to move forward in these unprecedented times.  After hovering at around $10 consistently, the price of a five-pound bag of Nishiki medium grain rice shot up to $30 on Amazon.com in March and hit a peak of $59.99 at 9 p.m. on Saturday, March 21, according to the Amazon price tracker Keepa. As of Friday, April 24, the bag of rice was priced at around $20. Prices on Amazon have been volatile since the outbreak of COVID-19 in the United States. By the…

This story continues at The Next Web

Source:: The Next Web

      

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