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From: bob@islenet.UUCP (Bob Cunningham)
Newsgroups: net.followup,net.misc
Subject: Re: The New COKE (actually sugar prices)
Message-ID: <1221@islenet.UUCP>
Date: Wed, 12-Jun-85 18:20:43 EDT
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Posted: Wed Jun 12 18:20:43 1985
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Correction to my previous posting:

> The 2 to 3 cents is probably for bulk, unrefined sugar (molasses),
> F.O.B. various 3rd world countries.  The $.21 a pound rate sounds
> like the price for refined (granular) sugar F.O.B. some warehouse
> in the U.S.

Wrong.  World sugar no. 11 futures run $.03-.04 per pound.  Domestic
sugar (no. 12) futures are just over $.21.  That's all bulk, F.O.B.
various places, though.

The sugar import quotas do indeed keep sugar prices in the U.S. much
higher than the world market.
-- 
Bob Cunningham  {dual|vortex|ihnp4}!islenet!bob
Honolulu, Hawaii