Sugar prices have soared this year, even as the prices of many other commodities have remained relatively low due to weak demand during the economic crisis. Just last year, sugar prices were also low.
What is behind the high and rising sugar prices and what consequences do the rising prices have for the allocation of scarce resources and for three stakeholders in the economy -- producers, consumers, and governments?
The two articles below are so jam-packed with links to the material we have covered so far in our course, they make me giddy with excitement! I'd like you to read the articles, and to look at the video and price chart link that accompany The New York Times article.
http://www.nytimes.com/2009/08/05/business/global/05sugar.html
http://www.latimes.com/news/nationworld/world/la-fg-pakistan-sugar23-2009sep23,0,6252552.story
What connections do you see to our course? Tell us in 10 sentences or less - preferably focusing on one concept or theory. Depth is better than breadth!
