(click on image to enlarge)
There actually is an "Efficient-market hypothesis." Underlying all the garbage about milk pricing is a belief held by some but, promoted by many, that the "market" is run by ultimate wisdom.
In looking at the import/export data, which in the big picture shows the U.S. is exporting quite a bit of dairy at fairly high prices,there are some little gray details hidden in the back corners.
Take the MPC trade with Singapore. Maybe Singapore has a use for MPCs so exporting to Singapore might make some sense. But, do we have a use for MPCs from Singapore? The gray color in the graph represents the whole gray area, some of which is entering the American diet.
who is the exporter of MPCS?? would this be away for the Fontera DFA grouping to move MPCs cheaply to a small country to turn around and resell to US for higher?? isnt that what fontera did all of last year through Ireland?
ReplyDeletewhat was the selling price of these MPCs?, i havent read any bragging from DFA of the ability to compete on the world market in the selling of MPC's... dont you think they would make a big fuss about it, bragg about it if they were? something doesnt make sense with this does it?
Jake