Monday, June 25, 2012

Sugar Delight

Some Sugary Appetiser to share (I may post a Sugary Main Course full of demand and supply data):

Sugar
Historical high: 65.2 Cents/lb in November of 1974
Inflation-adjusted high using govt-manipulated inflation figures: $2.91/lb
Inflation-adjusted high using private sources of inflation figures: > $6/lb

Today's price: About 21 Cents/lb

1974 Gold:Sugar ratio = $100 : $0.65
Today's ratio = $1600 : $0.21
If 1974's ratio is achieved again = $1600 : $9.92

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