Smart "free trader" that you are you would know the price of sugar is going up because the MARKET is dictating it.
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Sugar Jumps to 24-Year High on Fuel Use: World's Biggest Mover
Jan. 20 (Bloomberg) -- Sugar prices in New York surged to a 24-year high as more supplies are used for fuel because of surging energy costs. Today's 6.4 percent rally was the biggest fluctuation of any commodity.
Sugar has jumped 92 percent in the past year as Brazil, the world's biggest producer and exporter, converted more of its crop into ethanol fuel to cope with record gasoline prices. Oil jumped as much as 2.3 percent today to a four-month high on concern for possible supply disruptions in Nigeria and Iran.
``Sugar is going ballistic because of the oil price,'' Sam Tilley, head of research at London-based commodities brokers Sucden (U.K.) Ltd., said in an interview today. ``As oil prices go higher and higher, the only real alternative at present to gasoline is ethanol.''
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You sound like the "ministers" at the WTO the way you harp on the sugar industry here. Seems like your loyalties are with other countries.
Excellent news!! We can eliminate all restrictions on sugar imports because prices are now high enough for our sugar farmers to make a profit without government protection.
Of course if you looked at the above links, you'd see that US sugar averaged 29.54 cents a pound for the calendar year 2005 versus World sugar at 13.19 cents a pound. Imagine the multiplier if your buddies can get Congress to raise the US price to $1 a pound. Or maybe $2. Anything for our sugar farmers. Sounds like loyalty to Americans all right.
Todd and I want to spend $10 billion on military construction but we haven't been able to because Big Sugar wants $2.5 billion doled out to them. That's why the total annual budget for military construction is restricted to just $7 billion.
Our loyalties are to America. Import tax raisers only care about themselves. Hedge, we can talk about loyalty to America if you want, and while we're at it we should also compare our overseas combat records. What war zones have you served in?
Take your time.