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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Salt'n'Peppa who wrote (123281)8/14/2009 1:06:47 PM
From: elmatador   of 206323
 
The US is state-directed economy manipulated by strong lobbies.
Therefore we bring it to WTO once a week because of its unfair trade practies.

Ethanol is just another one. We have been trying hard to unlock that but the US keeps torpedoing the DOHA talks.

Then it comes times like this when the tables are turned and we seat down and laugh:

QUOTE A coalition of food companies including General Mills Inc., Kraft Foods Inc. and ConAgra Foods Inc. asked the U.S. government earlier this month to increase sugar-import quotas after inventories fell to a 34-year low and prices surged.

Sugar Policy Alliance

The Sugar Policy Alliance, which also includes Mars Inc., Krispy Kreme Doughnuts Inc. and Hershey Co., wants to import more from Brazil, the world’s largest producer of the sweetener, the Philippines and elsewhere, according to a letter sent to Department of Agriculture Secretary Tom Vilsack.

Refined sugar rose as much as 3.5 percent and has gained in eight of the past nine sessions. The sweetener has rallied 19 percent this month. Refined sugar is up 82 percent this year and raw sugar has surged 96 percent.

Raw sugar for October delivery advanced 0.2 percent to 23.01 cents a pound on ICE Futures U.S. in New York.

The province of Maharashtra, the largest source of Indian production, cut its output forecast to as little as 4.6 million tons for the year starting Oct. 1, down from 5 million tons estimated June 29 and last year’s crop of 9.1 million tons.
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