Monday, May 15, 2006

Taxing chopsticks to save timber

China has slapped a 5% tax on chopsticks over concerns of deforestation. The move is hitting hard at the Japanese, who consume a tremendous 25 billion sets of wooden choptsticks a year (97% come from China). Chinese exporters have responded to the tax and other cost increases by raising prices by 30% and a planned additional 20% is pending. Hang on to those old wooden sticks or switch over to the petroleum based plastic resuable ones.

1 comment:

Anonymous said...

Hey, Trader....Craig...I have never been able to manage chopsticks...fingers came first...or maybe a fork
Do you really feel this is an earthshaking problem?