I would be worried about how well the lid seals, as it doesn't look like it has an actual seal. The description says "This pail is ideal for dry food storage...", so there may be a chance that the inside isn't smooth, and may harbor bacterial. But for the price, I don't think it would hurt to try.
"Stop giving me credit for those stupid quotes! For that last time it wasn't me! STFU NOOB!" <-- Benjamin Franklin