Sugar Price Scalping

Everyplace I've checked is under $1 lb....how much are they charging?

https://www.bakersauthority.com/products/domino-granulated-sugar?variant=44596916686&gclid=Cj0KCQjwyur0BRDcARIsAEt86IAa3pe4lmio3N2_XYfJlyk99bCc7g_E_2-09dhp73ADpmjzldLvN0UaAqf8EALw_wcB

Thanks for the tip.

That's great if I want to start making moonshine,but a little too much for personal use.

Last purchase was $1.88/lb

<...jack up...prices...>

From the tone of this anyone might think that there is something wrong with that.

Markets are about supply and demand. End of.

"....Markets are about supply and demand. End of...."

.

An absolutely free market would be about only supply and demand. Most commerce does not occur within that type of market.

During emergencies, price gouging is illegal in many places including many US states with specific legislation aimed at price gougers. In US states without specific legislation, unreasonably excessive price increases during an emergency for essential goods or services can be unlawful under the consumer protection act.

Laws against gouging along with laws against hoarding are aimed at insuring adequate distribution of essentials during emergencies.

In a similar way that shouting fire in a crowded theater is not protected as free speech, gouging and hoarding of goods and services necessary for life during an emergency is not acceptable commerce. The whole reason gouging could actually work is because the market is not functioning well, causing the gouger to hold a de facto monopoly. ILeveraging a monopoly for excess profits is not something a person who champions making markets more free should be fawning over. It is unfair trade.

Surely <...sugar...> cannot be seen as an <...essential...>?

Be careful.

Food is essential. Are you certain you want to cede power to the government over your diet? Brussel sprouts are essential but sugar cane is not?

This is not supply and demand at work,it is greed.

Demand is down,as reflected in the spot price of sugar being down.

Why does the sugar industry need government support?

They are bejeweling their golden parachutes at the taxpayers expense.

They must have a sweetheart deal with people in high places.

I picked up 4 for about $2.69ea over a month ago.

Next week time I saw they were out. Flour too.

I don't think this is "Off Topic."

How does all that corn sugar flavored ethanol taste at the pump with the price of crude oil dipping negative?

During the initial period of the crisis, it was toilet paper that was in short supply here...

https://www.amazon.com/365-Everyday-Value-Sugar-Ounce/dp/B07NRP8Q1B/ref=sr_1_4_0o_wf?almBrandId=VUZHIFdob2xlIEZvb2Rz&dchild=1&fpw=alm&keywords=sugar&qid=1587250209&sr=8-4

About 85 cents a pound.

https://www.statista.com/statistics/192014/retail-price-for-granulated-sugar-in-the-us-from-2000/

You might want to make your own supply of sugar . You can be assured of the sugar types and contents based on your needs. One visit to any of the major sugar producers could be a gut wrenching experience . At times I enjoy liberarations , I don't always think about the pharmacology behind it.

Dear Mr. HiTekRedNek

You are aware that the sugar is mainly of 2 types, one is plantation white sugar from sugar cane crop and the other is from beet. Besides there are other sources like sweet sorghum crop but not viable.

You referred about the price of sugar, did you mean for white plantation sugar from refineries or the beet sugar. I am from the sugar industry (India) from day number one after my graduation in Engineering and also post graduate in sugar engg.

My observation is whenever sugar prices go up, there is a big hue and cry from the general public and some times echoes in parliament and controls are clamped by the government, under essential commodities act. When ever the prices fall industry cannot survive, the claim is "industry should survive on its own,"

This scenario is not seen in other industries like, steel, cement, textile, automobile etc., where supply and demand situation prevails or dictates the market forces. Pl. take this scenario in your view and post your comment on this.

Thanks,

DHAYANANDHAN.S

I am referring to white refined sugar from both sources.

In the USA the sugar is approximately 50% beet and 50% cane sugar.

It varies from year to year depending on weather conditions,as does all agriculture.

Sugar demand is down worldwide,with most countries exports are also down.

Less miles driven means less fuel used,less demand for ethanol,as well as restaurants,bakeries etc.on lock down.

As a result,prices are down.

Having worked in the food industry for most of my life, I’ll weigh in...

The sugar coalitions where controlled by large ‘family’ syndicates that had a strong financial hold on politicians that worked for them. With price controls that worked in their favor. Here’s some more information about the Fanjul brothers.

their not the only ones, there are also the Mott Family. The strangle hold was so fierce, that the politicians that they didn’t own, had to go as far as passing laws to control this sugar barons. And that started in the 1960’s through out the 1970’s.

I believe that the sugar syndicate still has a strangle hold and firmly positioned to control its product.

now, if you like to discuss how mozzarella cheese became so popular in the U.S., well... I’d digress

Thanks Phoenix! Good info and references.

It is a bitter pill for the taxpayer, but one to which we are well accustomed. Those subsidies and industry protections predate 1981 by at least 200 years.

Sugar is and has been a slave product. The low price you pay at market is a function of that, and a reason some early abolitionists in New England supported boycotts of West Indian sugar.

The damage to the Everglades from the sugar industry, and the real and effective subsidies associated with water usage are not going away anytime soon.

Buy local, and support your local producers of honey, maple syrup, etc.

You touch off on a point, and that is peanut production contracts... where the contracts itself is worth more than the commodity it controls.

people who own the contracts, bought it off of farmers (due to hard times for the farmer), never touch land the product it grows on, or even the product itself, but now leases it back to farmers to grow peanuts.

its a piece of paper, that’s actually a cash generator.

2.05 by the pallet at Aldi today. 4lb.. i Needed more banana's for my monkeys..

Don't need any more as I'm still not in production of distilled spirits.