Trinidad & Tobago Inflation At 10% - Page 3
The WSJ had a report recently on why worldwide milk prices have surged.
* Shifting production of grains to ethanol (green fuel) resulting in increased prices for grains necessary to feed dairy cows
* Changes in world diets, principally China and India (with China only recently "discovering" cheese and other dairy products...and they like them)
It's not a local phenomenon. It's hitting the world markets (even large dairy producing countries like the United States).
We pay US$3.25 - US$4.25/gallon of milk here in Texas. That's about TT$20.64 to TT$27.00 per gallon. Can't convert to grams, since I don't have a price for dry milk.
Not sure if this is "off topic," but addressing the comment:
Who pays for the price controls? If the world demand increases the price of milk in the domestic market, someone has to pay the difference. Why should it be your neighbor who subsidizes your milk?
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LDS_forever: I fixed your quote tags.