Wednesday, March 31, 2010

Sugar Markets Improving

After I predicted the price sugar (50 pound bags) would reach $30, I'm pleased to see that India and Brazil are looking at better weather and will have better production this year.

$29.99 Costco (2010-04-06) [EDIT: Updated sugar price; don't expect improvements until June/July, in my opinion]

$29.69 Costco (2010-03-31)
$27.99 Restaurant Depot (2010-03-28)

I didn't check Sanwa International or Sam's Club but I heard from a guy that runs an ice cream business that Sam's was up to $30.

Sanwa Reviews can be read here. It's a well kept, little known market that I don't get to visit all that often but highly recommend a visit.

The 400 pounds of sugar I have is going unused since I'm still waiting on my 10 packages from Mark Lally, which were delayed by the chilly winter we had. Since the winter extended well into January it caused delays in a lot nectar producing plants.

This cold was a problem for others as well, seeing as how some strawberry farmers aren't going to be picking, because it delayed some strawberry crops until California was in season at the same time. I know I was able to buy a $6 flat this last weekend, which was the price I was paying back in the early to mid-1990s. I can feel for the farmers but after all the snarled traffic on I-4 from pumping induced sinkholes and stories of people going without water, and sometimes homes, I'd hope they develop a better sense of charity.

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