The sugar price, as the gentleman well knows, it is 125,000 metric tons, so nobody runs out to the Publix and buys 125,000 tons. In addition to that, it is left-over excess capacity. It is not first-run sugar; it is floating around there looking for a buyer. It is like the end-of-the-year car sales when people are trying to get the cars off their lots. This is sugar that is sitting, waiting, looking for a purchaser; it is not first-run sugar. So they misrepresent.
Thomas Foley: “The sugar price, as the gentleman well knows, it is 125,000 metric tons, so nobody runs out to the Publix and buys…”
On the recordJune 29, 2000
Source
govinfo.govEditor's note · Context
Discussing the sugar market and pricing during a floor speech.
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