Coffee - next to oil, the new post-Y2K 'gold'?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
[And where will the price be after Y2K hits Latin America and the shipping industry...:)]
P&G to Hike Prices on Folgers Coffee
Procter & Gamble Co. will raise the price of a 13-ounce can of its Folgers coffee by 30 cents, the first increase in more than two years, because of the higher cost of raw beans. The increase, effective Monday, will bring the price of Folgers regular ground coffee to $2.50 a can and decaffeinated coffee to $3.20. That's close to prices in August 1998, before two reductions. Coffee futures have soared 77% from a five-year low on Oct. 1 amid expectations that a two-month drought in Brazil will leave next year's crop as much as 50% short of early estimates. This week, coffee futures soared 30% in New York trading. Cincinnati-based P&G said it would not raise the price of instant coffee. A spokeswoman for Philip Morris Cos. said the company had no announcement of any change in the price of its Maxwell House coffee. The company currently prices a 13-ounce can of regular-ground Maxwell House at $2.21, she said. The March contract rose 8.1 cents, or 6%, on Friday to $1.4405 a pound.
-- John Whitley (email@example.com), December 05, 1999
So if you have ah invested in coffee then uh be sure to rotate your liquid assets every 30 days to keep the oil evenly distributed.
-- Hokie (firstname.lastname@example.org), December 05, 1999.
What's with the emoticons? The bottom looks like an empty cup...bummer man, gotta have my java. The other a mystry.
Coffee the elixer of life.
-- LM (email@example.com), December 05, 1999.
even if y2k is only a BITR, I expect coffee -- and all food prices -- to be much higher next year.
In contrast to some of the chowbabe's observations, I'm still seeing very low prices and great specials on canned food, pasta sauces, and other items. I snatch'em up! And boy...do I already have a BUNCH of coffee? Yep. It's a good feeling to not only have preps, but to know that they're all "things you use anyway," and that you bought them at good prices.
-- joe (firstname.lastname@example.org), December 05, 1999.
Yep, my 53 cans will be welcomed - but, guess I need to go get more - not that I'm hoarding!
-- Sam (email@example.com), December 05, 1999.
Raley's had about 25 cans of Don Francisco coffee (good coffee) in the discount basket for $1.75 each. I snatched them all up, went up to the check stand and the checker asked "is there anymore back there?" Nope! They also had gourmet olives .50 cents a jar, Colossal olives .50 cents ea. Had a good bargain week but it's getting harder to find them. Lucky's has Folger's coffeee on sale looked like their inventory was low too, same with WalMart.
-- bardou (firstname.lastname@example.org), December 05, 1999.
Where do you get those green beans?
-- Mumsie (email@example.com), December 05, 1999.
Look in the yellowpages for coffee wholesalers, the ones that sell bulk beans to coffeeshops. If they don't have them, they most likely can order it for you. Ask for roasting instructions.
If you live in a port city like New Orleans or San Francisco, contact an importer direct for the really huge bags.
-- coffee drinker (firstname.lastname@example.org), December 05, 1999.
Have about 20lb of roasted whole beans (French roast of course), 18 lb of Costco's canned ground columbian and, get this, a lined 55 gallon drum full of 130 lbs of green columbian beans. Will lose about 20% by wieght when the green ones are roasted (doing it in small batches in an antique popcorn popper) but expect it to get us through next year anyway. I'm not bartering a bean to anyone either. Far enough away from the nearest neighbor that they won't be able to small me roasting the beans (which could be a downside to roasting).
-- Don Kulha (email@example.com), December 05, 1999.
Reminder: 6 months of pre-bought goods costs a premium of 1.7% in lost interest, or 3.4% in credit card interest. Actually, it's slightly less than that now.
If prices rise by even this amount (think normal inflation!) in that time, you win.
Buy now. Buy, buy, buy.
-- Colin MacDonald (firstname.lastname@example.org), December 06, 1999.
P&G to Hike Prices on Folgers Coffee
Sorry, I thought we were taking about COFFEE
-- Al K. Lloyd (email@example.com), December 06, 1999.