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Another market for you, Joe...
On Apr 21, 4:23*am, Me wrote:
On 21/04/2010 1:19 a.m., Joe wrote: On Apr 20, 1:38 am, *wrote: On 20/04/2010 3:28 p.m., Joe wrote:Coffee is the second most traded item on earth after oil so I figured it's an area where you can grow if you work hard and provide a good product. Actually, it appears to be the seventh most traded agricultural product, and I expect well down after other non-agricultural commodities are included in a list. http://www.globalexchange.org/campai...fee/faq.html#1 "Coffee is the US's largest food import and second most valuable commodity only after oil." Perhaps they got that off Wikipedia - no? 2005 stats for US imports Coffee ~ US$3 billion. Vegetables and fruit *~ $10 billion Meat ~ $6 billion Petroleum products incl gas ~ $231 billion Alcoholic beverages ~ $11 billion Gold ~ $4.4 billion Copper ~ $7 billion Aluminium ~ $12 billion Footwear ~ $18 billion Fish ~ 4.5 billion etc Lesson - don't trust industry organisations when they might be pontificating... Coffee is... well almost peanuts. *It seems to be about (less than) 1/3 of 1% of US total imports, about where Toyota will be in a couple of years at present rate of decline. Reference:http://www.indexmundi.com/(original data fromhttp://www.intracen.org/) http://www.investorguide.com/igu-art...mmodities.html Joe |
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