Sugar Prices

[bacpacker]

I ran across an article tonight about the USDA buying up sugar to cut the supposed surplus. Guess what, stand buy and watch the prices go thru the roof. If I read this article correctly they are buying 13% off the market. No way that's not gonna affect the markets.

http://www.reuters.com/article/2013/06/17/usda-sugar-idUSL2N0ET0IG20130617?feedType=RSS&feedName=marketsNews&rpc=43

[Echo2]

they be making booze.....:)

[bacpacker]

Could be!

I'm thinking it maybe time for a run to Sams and get a few bags.

[Echo2]

We have quite a bit in mylar.

BTW....don't put O2 absorber in bags of sugar....unless you want a sugar brick....:)

[Taz Baby]

don't be surprised if coffee is next. Buy as much as you can

[Katrina]

I think DH will have to think twice about crabbing about my habit of adding those staples to our storage, especially if coffee does go much higher this summer.

[ladyhk13]

Especially since canning season is upon us. We will be going through a ton of sugar making jams and jellies. So if you know you will be canning I guess it's time to stock up now. I only have 100 lbs now and will go through that so fast, BWRR drinks sweet tea like water so he's going to use up my canning sugar stock.

[bacpacker]

Great point Lady. Also if you sugar cure meats.

[MegaCPC]

Just another example of useless intervention in the market.

[LUNCHBOX]

I bought a few 10 lb bags to try to make more Kool-aid and cut back on pop. I guess I'm going to need more.

[Gunfixr]

We have quite a bit in mylar.

BTW....don't put O2 absorber in bags of sugar....unless you want a sugar brick....:)


Will that be one cube or two ????????????????????



We got some put away, probably not enough. Got it in plastic jugs.
Maybe I should just fill up a couple 5 gallon buckets. I got like 3 or 4 5 gallon buckets of salt, something like 50 or 60 lbs.