1. Leave No Truffle Behind?
- Author
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Porter, Eduardo
- Subjects
- *
TRUFFLES , *DEVALUATION of currency , *MONETARY policy , *CURRENCY question , *MARGINS (Futures trading) , *CAVIAR , *TUBERACEAE , *EDIBLE fungi , *EURO , *PRICE indexes , *EXPORTS , *INTERNATIONAL trade , *COOKING - Abstract
Discusses how the devaluation of the dollar against the euro and other currencies has impacted the inflation of niche markets such as truffles and caviar. How U.S. importers of European goods are forced to either raise their prices or accept lower profits; Suggestion that good caviar and truffles cannot be found domestically; Rise in the general price index by 2.3 percent; Decline of the dollar against the Canadian dollar and the Japanese yen; Impact of the fear of competition on China and European exporters; Decrease in the margins of sale for the export of wines and cookies from places such as France and Italy; Increase in the price of preserved truffles due to the speed of currency futures.
- Published
- 2004