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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 380.060.0%4:00 PM EST

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To: elmatador who wrote (54117)8/26/2009 2:40:54 AM
From: Elroy Jetson  Read Replies (1) of 218012
 
It would be difficult or impossible to find a cheaper product than sugar to fill food with.

Sugar is far less expensive than flour or fat or virtually anything which can legally be put into food.

What's really going on is the sugar price earned by U.S. producers is subsidized by an import tariff.

Global sugar prices are rising due to ethanol production and drought, factors which don't affect U.S. sugar price.

Regardless, the U.S. sugar lobby is using rising global prices as a pretense to eliminate the import tariff so they can purchase even more sugar on the global market, pushing the price even higher! This argument makes no sense, but they hope no one will notice.
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