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Wholesale Price Index / Food / Ind. / Sugar #490060

NBC Evening News for Thursday, Sep 02, 1976
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(Studio) Wholesale food prices down, wholesale prices of industry products up, but average overall index is down.
REPORTER: David Brinkley

(DC) Price decline in certain foods and increase in industry products noted. Ind. prices regarded as more accurate measure of inflation than food prices. Drop in wholesale price index considered good by Ford forces who say inflation biggest economy issue in campaign; Carter people say unemployment biggest issue; little improvement expected in unemployment figs. to be released tomorrow. (Studio) Sugar prices decline most; cane growers now speak of bankruptcy. Say can't sell cane for enough to pay for growing it.
REPORTER: Irving R. Levine, David Brinkley

(Saint John Parish, LA) When sugar prices rose in 1974 consumption dropped and hasn't recovered. Cane growers want government to restrict import of sugar so prices will rise and surplus be used, but know it's not likely to happen in election year Some growers talk of getting out of business [Cane grower Dennis LANNO - predicts worst year ever for sugar business, if prices stay low it'll put them out of business] Price expected to stay low for foreseeable future.
REPORTER: George Lewis

Brinkley, David;
Levine, Irving R.;
Lewis, George

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