Agricultural and Food Policy
 Agri Outlook Radio
Number 164
What does rice cost today’s consumer? (1:32 minutes)
Audio/Video Script:
Dr. Bobby Coats
Extension Economist and Professor
University of Arkansas, Division of Agriculture
What does rice cost today’s consumer?
Generic brand long grain rice store prices in Little Rock were as
follows:
- A 2 pound bag was 4 cents per ounce or 64 cents per pound
- A 10 pound bag was 3.6 cents per ounce or 58 cents per pound
- A 20 pound bag was 3.1 cents per ounce 49.6 cents per pound
- A 50 pound bag at Sam’s Club was 2.6 cents per ounce or 41 cents
per pound.
Now 1 pound of rice equals 2 cups of uncooked rice and this will yield 6 cups
of cooked rice, which produces 12 servings. Actual rice cost per serving then is
as follows:
- A 2 pound bag at 4 cents per ounce has a product serving cost of
5.3 cents
- A 10 pound bag was 3.6 cents per ounce has a product serving cost of 4.8 cents
- A 20 pound bag was 3.1 cents per ounce has a product serving
cost of 4.1 cents
- A 50 pound bag was 2.6 cents per ounce has a product serving cost of 3.5 cents
This has been Bobby Coats Extension Economist University of Arkansas Division
of Agriculture.
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