date:May 16, 2012
Thats according to Michael Stamatakos, vice president of agricultural supply and development at Ocean Spray, and asked how auction prices (in the firms most recent auction on April 25 where 175,000 gallons was sold at $30.12 to $35.10 per gallon) compared with the open market, he told BeverageDaily.com:
We hear stories of other prices, but we cant substantiate these, but our closing prices reflect the market conditions of supply and demand fairly accurately at the time of the auction.
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