Coffee Has Been “Shortaged” & Caused Rise In Prices
Coffee price up, all over the world. Shortage is blamed. What! Have the coffee trees quit producing? No. It is just that the cute business gents have “shortaged” it. That is, they have bought it all up and are holding it in Brazil and Colombia where nobody else can get it, except at their price.
One corporate coffee profiteer, according to U.S. Senate Agriculture Sub-committee, has on hand 335,000 bags of coffee from the 1949 crop, which it purchased for less than one-half of the present wholesale price. Total coffee thus held in America alone has been manipulated into a price advance of 600.000.000 dollarsr
So you still believe in the “law” of supply-and-demand? Well, well! •—Kiwi.
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https://paperspast.natlib.govt.nz/newspapers/BPB19500419.2.41
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Bay of Plenty Beacon, Volume 15, Issue 23, 19 April 1950, Page 7
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125Coffee Has Been “Shortaged” & Caused Rise In Prices Bay of Plenty Beacon, Volume 15, Issue 23, 19 April 1950, Page 7
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