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Commodities Briefing - Categorized | Agriculture, Market Moves more

Commodities: A sweet deal

Posted on 15 November 2013

The US government’s vast assets include office buildings, mineral resources, aircraft carriers and national parks. This year it added mountains of sugar.
Warehouses from North Dakota to Louisiana are piled high with 296,500 tons of the sweet crystal, since October 1 the property of the Department of Agriculture. In coming days, the agency says it plans to sell off its stocks at a “substantial loss per pound”. Sugar has cost taxpayers $278.2m in 2013………………………………………..Full Article: Source


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