Supermarkets Set Buying Limits On Meat, Are ‘Confident Supply Will Stabilize’
CBS Boston TV – 05/05/20
Buying limits on meat items are becoming common practice at supermarkets around Massachusetts.
Ken Morris, a retail analyst, says supply is down for meat products while demand is through the roof. “Now we’re going to have people hoarding meats,” Morris said. “That’s going to be a reality.” Morris also said as demand goes up for commodities, Wall Street takes notice. “There’s a lot of money from the stock market that’s gone into commodities, and I think that’s raising prices for the consumer.” “It’s not all on the retailers,” Morris said. “The suppliers are charging more to retailers and they are passing it on to consumers.”
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