Sugar High

To prevent defaults by sugar processors that borrowed $862 million under a government price-support system, the USDA may purchase 400,000 tons of sugar to prop up prices. Sugar has fallen 18% to 21.03 cents/lb since the loans were made last October. Higher sugar prices would naturally lead to higher food prices. Yeah! The world price of sugar is only 18.82 cents/lb. Our price is higher due to (wait…) import restrictions!

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.