OMG! No Sugar!
I wonder what would happen if this country really had no sugar in reserve? Other than the sky falling in for Kraft and Nabisco, and the obesity levels probably dropping off dramatically in six months time, it might not be so bad?
Brad Dorfman, Reuters News states, ” In a letter to U.S. Agriculture Secretary Tom Vilsack dated August 5, companies and groups that include Kraft Foods Inc, General Mills Inc and Hershey Co warn that “our nation will virtually run out of sugar,” if a USDA forecast is accurate. The letter was written a week before the Agriculture Department on Wednesday said the closely watched stocks-to-use ratio in the U.S. sugar market for 2009/10 stood at 6.7 percent, up from 3.4 percent in last month’s report.
The situation is seen easing because of increased beet sugar and cane sugar production, according to the USDA. U.S. sugar industry officials say importing sugar into the United States would not be cost effective because there is now little difference between the world price and the price in the U.S. domestic market.”
Now I hate to see the domino effect this would have on the country’s waistlines. No pun intended