Monica Kochelee

Monica’s opinions on the world around her. Politics, news, product reviews, business, environment and family!

Apr

29

High seas trading

Inserito da Monica il 29 April 2008

I was just reading an article about High Sea Sugar.  I did not know that such a practice existed!  Essentially it is what happens when a company that is exporting sugar leaves port without having a buyer already lined up.  After it leaves port a buyer is found for the sugar.  Doing this lowers the cost of the sugar to the buyer because the buyer can then buy the sugar without having to pay a local sales tax.  This helps keep the costs down for the consumer.  I didn’t know this practice existed, but it makes perfect sense to me!

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