Posted on 04/21/2023 5:42:20 PM PDT by Roman_War_Criminal
There are more troubles in the food sector as market manipulation has driven up the price of sugar while creating what appear to be impending sugar shortages.
A lack of deliverable sugar ahead of Friday’s expiry has sent the white sugar futures contract for May to its highest level in more than 10 years.
According to John Stansfield, a senior sugar analyst at DNEXT Intelligence, the open interest for white sugar, or the number of contracts still needing to be closed, implies a hefty delivery of the commodity above 880,000 tons.
The problem is that, when coupled with short positions, these contracts “don’t have the physical sugar to tender,” meaning the markets are once again irreflective of reality and more supply troubles are on the way.
In the last three weeks, white sugar futures have surged in price by nearly 20 percent, hitting levels not seen since November 2011.
(Excerpt) Read more at starvation.news ...
LOL...the ONLY thing we use sugar for.....the hummingbird nectar.
as market manipulation has driven up the price of sugar while creating what appear to be impending sugar shortages.
I haven’t gotten my 25 lb. bag of sugar yet from BJ’s, I better go tomorrow.
The hummingbirds come back here in NH around May 15th and I’ll use the entire 25 lbs by the time they leave in Sept.
The new cocaine.
I suggest not taking unnecessary supplements.
Skim milk has retinol supplements. I suggest not drinking it.
The passengers on the airplane I just flew today tells me there’s no sugar shortage…
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