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Old 12-06-2007, 10:31 PM   #12
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Quote:
Originally Posted by ZenGum View Post
.
Thus by value sales were up 5%. By volume they were flat.
I don't think so. Retailers were ordering more stock to hedge against further price increases. They can't make money stockpiling more than they think they will sell unless the price keeps climbing. So if they think it will keep going up, they buy to their storage capacity, betting the increased value of their holdings will make more, than the money would make invested elsewhere.
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