NewsWhore
03-10-2010, 02:40 PM
The Dominican Merchant Federation (FDC) warned yesterday that a pound of brown sugar could soon cost RD$25.00 because the producers are not supplying the domestic market and the government is going to collect all its taxes on the 70,000 tons that are going to be imported. The FDC predicted that the price of brown sugar that is currently sold at RD$12 the pound would go to RD$20.00 a pound in the next few days because of the 70% reduction in the local supply. The federation said that this was due to the fact that the price for sugar on the preferential market was US$0.43 cents or RD$16.00 per pound. The FDC said that the government price-control authorities had only authorized a price increase from RD$9.40 a pound to RD$10.80 per pound.
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More... (http://www.dr1.com/index.html#10)