Join Date: Jun 2005
Location: Monkton and Pawlyes Island, MD SC, USA
I am afraid that you are correct. As an amateur follower of the commodities markets, I remember the phony sugar shortages and the phony coffee shortages of the '70s and '80s that drove prices way up. They are still up there although there is no shortage of either and never was.
If you want to get a real eye-opening shock, just research the sugar industry in the US and see how they have the Congress tied up (big donations, of course) and get huge subsidies and have a legal monopoly. The sugar industry makes to oil companies look like choir boys.
and Pawleys Island, SC