Anyone following International Coffee Prices? - Barista Exchange2024-03-29T10:17:15Zhttps://www.baristaexchange.com/forum/topics/anyone-following-international?commentId=1688216%3AComment%3A1099625&x=1&feed=yes&xn_auth=noYup, hit $300.10 yestday. Tod…tag:www.baristaexchange.com,2011-04-20:1688216:Comment:10996252011-04-20T17:01:41.231ZMike McGinnesshttps://www.baristaexchange.com/profile/miKemcKoffeeakaMikeMcGinness
Yup, hit $300.10 yestday. Today highest I've seen so far is $307!<br></br><br></br><cite>Josue Morales said:</cite>
<blockquote><div><p>Its going steady, I think we're going to be seeing those $300 soon! </p>
<p>Ridiculous, I believe, is the right word to use. </p>
<p><br></br><cite>Mike McGinness said:</cite></p>
<blockquote><div><em>So far</em> since yesterday up $4 = up 1.45% in less than a day. Speculator investors gone wild... Wait just checked again, up another $1.45 to $276.55 while I typed…</div>
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Yup, hit $300.10 yestday. Today highest I've seen so far is $307!<br/><br/><cite>Josue Morales said:</cite>
<blockquote><div><p>Its going steady, I think we're going to be seeing those $300 soon! </p>
<p>Ridiculous, I believe, is the right word to use. </p>
<p><br/><cite>Mike McGinness said:</cite></p>
<blockquote><div><em>So far</em> since yesterday up $4 = up 1.45% in less than a day. Speculator investors gone wild... Wait just checked again, up another $1.45 to $276.55 while I typed this!</div>
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</blockquote> There's a ton of info on the…tag:www.baristaexchange.com,2011-03-11:1688216:Comment:10513822011-03-11T21:15:00.326ZBryan Wrayhttps://www.baristaexchange.com/profile/BryanWray
<p>There's a ton of info on the internet about the rising prices and why.</p>
<p> </p>
<p>Jason Dominy had a good write-up</p>
<p>The Counter Culture comic that just rolled out</p>
<p>Sweet Marias/Coffee Shrubs/Chris Schooley had a good write up</p>
<p> </p>
<p>Simply searching "rising coffee market prices" in Google will return a lot of pretty solid results.</p>
<p> </p>
<p>Truth is, consumption is up considerably in coffee producing countries, consumption is up everywhere else as well, some…</p>
<p>There's a ton of info on the internet about the rising prices and why.</p>
<p> </p>
<p>Jason Dominy had a good write-up</p>
<p>The Counter Culture comic that just rolled out</p>
<p>Sweet Marias/Coffee Shrubs/Chris Schooley had a good write up</p>
<p> </p>
<p>Simply searching "rising coffee market prices" in Google will return a lot of pretty solid results.</p>
<p> </p>
<p>Truth is, consumption is up considerably in coffee producing countries, consumption is up everywhere else as well, some markets are hording their coffee- waiting for the "perfect moment" of price spike to release it. Adding to the problems are the obvious comments listed here about speculators driving the prices up. We also have global warming playing it's part, making the growing area on every mountain a little smaller (because the "best" starting altitude keeps moving up the mountain, but the peak of the mountain/growing region isn't getting any higher...)</p>
<p> </p>
<p>There's a ton to it. Basically, as long as we can explain to our customers why this is a GOOD thing and not a bad thing and we adjust our prices accordingly to reflect the spikes we should be fine.</p>
<p> </p>
<p>-bry</p> A bit of info, if you're inte…tag:www.baristaexchange.com,2011-03-11:1688216:Comment:10515402011-03-11T20:58:53.766ZJason Cardhttps://www.baristaexchange.com/profile/JasonCard
<p>A bit of info, if you're interested:</p>
<p> </p>
<p>NYtimes on Climate change and bad harvests in Colombia:</p>
<p> </p>
<p><a href="http://www.nytimes.com/2011/03/10/science/earth/10coffee.html?_r=1&scp=3&sq=coffee&st=cse" target="_blank">http://www.nytimes.com/2011/03/10/science/earth/10coffee.html?_r=1&scp=3&sq=coffee&st=cse</a></p>
<p> </p>
<p>NYT Debate on future of coffee (Peter Giuliano from Counter Culture has a good piece in here, among…</p>
<p>A bit of info, if you're interested:</p>
<p> </p>
<p>NYtimes on Climate change and bad harvests in Colombia:</p>
<p> </p>
<p><a href="http://www.nytimes.com/2011/03/10/science/earth/10coffee.html?_r=1&scp=3&sq=coffee&st=cse" target="_blank">http://www.nytimes.com/2011/03/10/science/earth/10coffee.html?_r=1&scp=3&sq=coffee&st=cse</a></p>
<p> </p>
<p>NYT Debate on future of coffee (Peter Giuliano from Counter Culture has a good piece in here, among others)</p>
<p> </p>
<p><a href="http://www.nytimes.com/roomfordebate/2011/03/09/coffee-the-new-shaky-commodity?ref=earth" target="_blank">http://www.nytimes.com/roomfordebate/2011/03/09/coffee-the-new-shaky-commodity?ref=earth</a></p> I'd just as soon see the upsw…tag:www.baristaexchange.com,2011-03-11:1688216:Comment:10513092011-03-11T20:29:46.965ZBryan Wrayhttps://www.baristaexchange.com/profile/BryanWray
<p>I'd just as soon see the upswing continue as long as we can educate our customers as to why, and more importantly, why <u>specialty</u> coffee is still a great value that they can more than afford.</p>
<p> </p>
<p>Comparisons to the price of a fine dining meal verses fast food, a box of wine verses a bottle, a 30 of crap beer verses a 750mL of craft beer. I think as we reach to educate our customers more- which it seems everyone is being extremely vocal about doing at this point- it will…</p>
<p>I'd just as soon see the upswing continue as long as we can educate our customers as to why, and more importantly, why <u>specialty</u> coffee is still a great value that they can more than afford.</p>
<p> </p>
<p>Comparisons to the price of a fine dining meal verses fast food, a box of wine verses a bottle, a 30 of crap beer verses a 750mL of craft beer. I think as we reach to educate our customers more- which it seems everyone is being extremely vocal about doing at this point- it will end up being a great thing for the Specialty coffee scene and a bad thing for mediocre coffee.</p>
<p> </p>
<p>Here's to hoping</p>
<p>-bry</p> Have we seen the end of this …tag:www.baristaexchange.com,2011-03-11:1688216:Comment:10513052011-03-11T19:38:25.840ZMike McGinnesshttps://www.baristaexchange.com/profile/miKemcKoffeeakaMikeMcGinness
Have we seen the end of this insane upward price spiral!? Time will tell. Tickled $300 hitting $299.xx day before yesterday, Wednesday. Really thought it would crack three this week but didn't. Instead yesterday jumped down to low $280s. Today currently mid to low 270s. Crazy, over $25 swing in 2 days. Here's hoping the down trend continues!
Have we seen the end of this insane upward price spiral!? Time will tell. Tickled $300 hitting $299.xx day before yesterday, Wednesday. Really thought it would crack three this week but didn't. Instead yesterday jumped down to low $280s. Today currently mid to low 270s. Crazy, over $25 swing in 2 days. Here's hoping the down trend continues! That's something I wondered a…tag:www.baristaexchange.com,2011-02-21:1688216:Comment:10375802011-02-21T16:25:22.869ZStickmanhttps://www.baristaexchange.com/profile/DavidEvans
That's something I wondered about - tax season, time to stash extra cash in investments before the end of the season. In Canada we have until March 1 to get our taxes filed which means most people with money are buying mutual funds and the like. Commodities heavy I would bet for this year.<br></br>
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<cite>Tom Maegdlin said:</cite><br />
<blockquote cite="http://www.baristaexchange.com/forum/topics/anyone-following-international?commentId=1688216%3AComment%3A1037408#1688216Comment1037553"><div>I…</div>
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That's something I wondered about - tax season, time to stash extra cash in investments before the end of the season. In Canada we have until March 1 to get our taxes filed which means most people with money are buying mutual funds and the like. Commodities heavy I would bet for this year.<br/>
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<cite>Tom Maegdlin said:</cite><br />
<blockquote cite="http://www.baristaexchange.com/forum/topics/anyone-following-international?commentId=1688216%3AComment%3A1037408#1688216Comment1037553"><div>I have some kind of interesting insight on this being that I work in the financial services industry as well as run my little outfit. Here is my take on it. Institutional and retail investors are still blanketing their portfolios with commodities. What I mean by that is the average investor still does not feel confident enough in the global economy to bring their money off the sidelines and put it back into growth securities that offer higher returns. Although there has been a lot of indication with inventories and general volume on the trading floor, people still feel commodities are the best way to shelter themselves from the volatility of the broader market. This will mean higher commodities prices until investors start to feel greedy again and throw their money back in growth. So I guess my thesis is, blame reactionary investors! All in all I think when this is over, prices will be slightly higher but nowhere near these highs of late.</div>
</blockquote> Gotta be careful not to insti…tag:www.baristaexchange.com,2011-02-21:1688216:Comment:10374082011-02-21T16:23:15.454ZStickmanhttps://www.baristaexchange.com/profile/DavidEvans
<p>Gotta be careful not to instill too much panic here, though.</p>
<p>Green bean prices doubling doesn't mean that a 12 ounce Huehue is going to be $4 per cup. It means that the cost to the roaster of one of their ingredients has doubled. Labour locally hasn't doubled, gas or propane or electricity hasn't doubled, sugar, cream, cups and lids and rent haven't doubled.</p>
<p> </p>
<p>By my calculations a pound of ROASTED specialty beans that I used to sell for $10 wholesale will now have to…</p>
<p>Gotta be careful not to instill too much panic here, though.</p>
<p>Green bean prices doubling doesn't mean that a 12 ounce Huehue is going to be $4 per cup. It means that the cost to the roaster of one of their ingredients has doubled. Labour locally hasn't doubled, gas or propane or electricity hasn't doubled, sugar, cream, cups and lids and rent haven't doubled.</p>
<p> </p>
<p>By my calculations a pound of ROASTED specialty beans that I used to sell for $10 wholesale will now have to be about $13 wholesale. Do the math and figure out how much per cup we'll be raising prices.</p>
<p> </p>
<p>Of course we don't want to raise them now and then again when our next shipment comes in...The big question is: blip or trend?</p> I have some kind of interesti…tag:www.baristaexchange.com,2011-02-21:1688216:Comment:10375532011-02-21T14:27:17.033ZTom Maegdlinhttps://www.baristaexchange.com/profile/TomMaegdlin
I have some kind of interesting insight on this being that I work in the financial services industry as well as run my little outfit. Here is my take on it. Institutional and retail investors are still blanketing their portfolios with commodities. What I mean by that is the average investor still does not feel confident enough in the global economy to bring their money off the sidelines and put it back into growth securities that offer higher returns. Although there has been a lot of indication…
I have some kind of interesting insight on this being that I work in the financial services industry as well as run my little outfit. Here is my take on it. Institutional and retail investors are still blanketing their portfolios with commodities. What I mean by that is the average investor still does not feel confident enough in the global economy to bring their money off the sidelines and put it back into growth securities that offer higher returns. Although there has been a lot of indication with inventories and general volume on the trading floor, people still feel commodities are the best way to shelter themselves from the volatility of the broader market. This will mean higher commodities prices until investors start to feel greedy again and throw their money back in growth. So I guess my thesis is, blame reactionary investors! All in all I think when this is over, prices will be slightly higher but nowhere near these highs of late. wow i had no idea. Whats happ…tag:www.baristaexchange.com,2011-02-18:1688216:Comment:10360762011-02-18T23:24:09.693ZBridget Joneshttps://www.baristaexchange.com/profile/BridgetJones
wow i had no idea. Whats happening here in little old New Zealand, we just frozen milk prices for the whole year! Its been going up so fast which is no good as we are a dairy Country with more cows then people lol. I hope this helps to hold the price of coffee :)
wow i had no idea. Whats happening here in little old New Zealand, we just frozen milk prices for the whole year! Its been going up so fast which is no good as we are a dairy Country with more cows then people lol. I hope this helps to hold the price of coffee :) Its going steady, I think we'…tag:www.baristaexchange.com,2011-02-18:1688216:Comment:10360552011-02-18T19:04:35.490ZJosue Moraleshttps://www.baristaexchange.com/profile/JosueMorales
<p>Its going steady, I think we're going to be seeing those $300 soon! </p>
<p>Ridiculous, I believe, is the right word to use. </p>
<p><br></br> <cite>Mike McGinness said:</cite></p>
<blockquote cite="http://www.baristaexchange.com/forum/topics/anyone-following-international?commentId=1688216%3AComment%3A1036118&xg_source=msg_com_forum#1688216Comment1036118"><div><em>So far</em> since yesterday up $4 = up 1.45% in less than a day. Speculator investors gone wild... Wait just checked again, up…</div>
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<p>Its going steady, I think we're going to be seeing those $300 soon! </p>
<p>Ridiculous, I believe, is the right word to use. </p>
<p><br/>
<cite>Mike McGinness said:</cite></p>
<blockquote cite="http://www.baristaexchange.com/forum/topics/anyone-following-international?commentId=1688216%3AComment%3A1036118&xg_source=msg_com_forum#1688216Comment1036118"><div><em>So far</em> since yesterday up $4 = up 1.45% in less than a day. Speculator investors gone wild... Wait just checked again, up another $1.45 to $276.55 while I typed this!</div>
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