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The markets for a lot of esoteric commodities are dictated by the whims of a select few organizations. It's partially how so many of these end up being control
by mywittyname 7y ago
The markets for a lot of esoteric commodities are dictated by the whims of a select few organizations. It's partially how so many of these end up being control by cartels, the demand for cranberries or topaz is just no where near that of soy beans and oil, making it relatively easy to corner the market.
- three_seagrass 7y agoTrue, and there are also commodity markets that are not controlled by an oligopsony, which truly are controlled by the market. It's an important distinction to make, because the statment "Oil's value is controlled by the market" isn't very true.