Oh dear. Commodity prices have been falling and falling since the credit crunch. With less product orders and a slowdown in manufacturing worldwide there is now less demand for recyclables. What has made it worse is that the price of oil has dropped dramatically from the all time high of $147.50 per barrel just 4 months ago to just $48.50!!! So it is now economical for manufacturers to use natural resources for things like plastic, instead of used plastic.
Remember the uncle that I blogged about who would diligently plough through rubbish for recyclables? He's no longer at it. It probably now means that what could have been recycled by people like him are now going to our landfill or IPs. I hope the public will continue to put their recyclables in the recycling bins or bags. I also hope that the bigger recycling companies will continue to recycle instead of sending it to the IPs or landfill....
ya, mom was saying the same thing about recycling not being lucrative (for want of a better word) now so no one wants to do it.
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