Posted on 07/29/2009 2:56:09 AM PDT by Kartographer
The sugar market is watching the heavens as bad weather in Brazil and India, the world’s two largest producers, threatens crops and pushes prices skyward.
Traders and industry executives say, in rare agreement, that prices could hit a 28-year high – above 19.73 cents per pound – this year because of poor weather, steady consumption and low global inventories.
(Excerpt) Read more at ft.com ...
High sugar prices and rumors of a fat tax coming down the pipe!?!
Ugh... Now I have to start stocking up on Twinkies on top of my stockpiles of gold, guns, and incandescent light bulbs. I am starting to run out of space.
Well, think of all the money you can save while at the same time preventing cavities and losing weight :-))
The stuff isn’t all that good for your health and you can live without it. I do.
You should apply for a position in the Obama administration as the new anti-sugar czar.
If we use two pounds of sugar a year, it means we have had guests who use sugar in their coffee and tea.
No kidding about the Twinkies. They may be great currency.
That, and the fact that the World is using sugar to make ethanol. The supply will go down and price will go up like oil prices did last summer.
Ohio used to produce a lot of the sugar used in the US from sugar beets.
My grand father rotated his crops between corn, wheat and sugar beets until corn sugar started to kill the market for sugar. He then started growing soy beans.
As a Southerner life without sweet tea just wouldn’t be worth living!
Really, you can’t be that naive, can you?
Sugar is in most everything we eat. You will watch food prices double as the result of this and other shortages.
Nope, sorry I can’t do it...need sugar to make my bread, tea, ice tea, and homemade electrolites...
Don’t worry, there’s plenty of high fructose corn syrup for everyone!
We rarely if ever have desserts whether eating in or out, we prepare most of our meals from scratch, most of our sugar consumption is fructose from fruits and we only have soft drinks in the house when we have guests and then it is mostly sugar free soft drinks. As I posted we buy a two pound bag of sugar(sucrose) no more than once a year.
This looks like a repeat. Once one or two things become scarce everything becomes more pricey. Everyone talks about and remembers the gasoline lines but few remember the sugar shortage and the results.
Florida Sugar (the Fanjul family) gets subsidized nearly as much per pound as they sell it for.
Big sugar is by far the largest polluter in the state and the E.P.A. gives the big political donor a pass.
Also they employ more illegals than one can imagine and ICE refuses to go in to the little towns like Pahokee and Indiantown where they all live.
Our Govt is crap.
Maybe sugar is in everything you eat. There is no sugar in my house. And I don't purchase any processed foods or sweets, etc. Most soft drinks use high fructose corn syrup, so the sugar deficit will not effect their prices either. Food prices double? I doubt it.
Even if you don’t use it buy it! You can always trade it later to those who do and I am betting the return would be better than CD’s or most stocks for that matter!
No Bread, no Cookies, no Pie?......Oh My
No, no and no. :^)
Some were posting a couple of months ago that coffee prices would skyrocket because of drought/poor crops.
So far, I haven’t seen any significant price changes locally.
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