Tuesday, 1 November 2016

I Have Heard Of The Term, 'Cornering The Market',

where someone one buys all that is available of a product and then sells at an inflated price,

but this is the first time I have heard of an alleged carrot hoarder trying to allegedly corner the market in carrots, but that is what a carrot seller by the name of Chiang in the southern city of Kaohsiung in Taiwan is accused of doing, was taken into custody and later released on NT$100,000 (£2,600, $3,150) bail, according to prosecutors, Chiang, a produce vendor, denied the accusations, He said that he annually buys about 1,500 tonnes of carrots in February and March to be sold throughout the year, Chiang described the remaining 300 tonnes as a small amount that should not be considered hoarding, so is he a hoarder trading in carrot futures or an honest trader? in any event it is the first time I have seen a carrot trader in the news.

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