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| tsunami may affect coffee prices | |
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| Tweet Topic Started: Jan 21 2005, 11:29 PM (412 Views) | |
| Sophie | Jan 21 2005, 11:29 PM Post #1 |
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Keeper of the spider-cats
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link it says that due to the tsunami, prices of coffee and tea might go up.
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| Fesarius | Jan 22 2005, 01:30 PM Post #2 |
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Admiral
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I think in this case, I won't be complaining about the rising prices. |
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| Minuet | Jan 22 2005, 01:52 PM Post #3 |
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Fleet Admiral Assistant wRench, Chief Supper Officer
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^^^ I would almost agree except we all know that none of the added cost will be going back to the victims. Middlemen will be the ones taking the profit.
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| Fesarius | Jan 22 2005, 01:53 PM Post #4 |
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Admiral
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^^^ Too true. I hadn't thought of that. You are almost making me a believer that Canadians are thinking people too.
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| Admiralbill_gomec | Jan 22 2005, 02:32 PM Post #5 |
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UberAdmiral
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This will affect tea prices more than coffee prices, worldwide. Still, it is just one more thing in a chain of events that has happened to these folks. Their lives, their homes, their infrastructure, and now some of their livelihoods. |
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| Fesarius | Jan 22 2005, 03:34 PM Post #6 |
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Admiral
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^^^ No kidding. I've been thinking lately of both quakes and flooding, and how I would recover from either. I don't really have any plans in place should either occur. I like to think I am prepared financially for other things, but these aren't things I think of preparing for that frequently. |
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| somerled | Jan 22 2005, 10:44 PM Post #7 |
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Admiral MacDonald RN
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Not a big deal. Most people I know can survive without either. And in my household it will take a long time before we run out of tea bags . Anyway, tea is grown and cultivated in the mountains, so the tsunamis and flooding will have little if any effect on the supply and quality of the product. |
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| Sophie | Jan 22 2005, 10:52 PM Post #8 |
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Keeper of the spider-cats
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but what of the tea harvesters? Do they have a way to get to the tea in the mountains? How many of the tea harvesters survived the tsunami? |
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| somerled | Jan 23 2005, 02:10 AM Post #9 |
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Admiral MacDonald RN
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Likely had little or no effect on them as they live near the plantations in the main with their extended families and clans. I think if you check you'll find that tea prefers the tropical alpine climate. |
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| Admiralbill_gomec | Jan 23 2005, 10:40 AM Post #10 |
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UberAdmiral
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As usual, another uncaring, thoughtless comment from Somerled. He never fails to disappoint. |
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| somerled | Jan 23 2005, 01:54 PM Post #11 |
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Admiral MacDonald RN
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Never bothered considering this post
Did you? I know enough about how Cylon tea is grown to be pretty sure the desaster , which was entirely coastal , will have have little if any effect on people involved . So before you make more of fool of yourself - I suggest you find out something about these people and how and where the product is grown. |
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| cptjeff | Jan 23 2005, 02:27 PM Post #12 |
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Captain of the Enterprise-J
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It's certainly sad- but what can we do? I can't stop the middleman from scraping a little extra off the top... |
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| ANOVA | Jan 23 2005, 03:01 PM Post #13 |
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Vice Admiral
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Free markets allow for this. A new equlibrium demand price structure will occur due to changing commodity supply. The new price will effect demand as people are priced out of the market and seek alternatives. The bidding for the existing commodity will start at the plantation level unless they were locked into a contract. Those plantations that are unable to deliver on thier contract may be changing ownership. So the land owner who was able to produce the commodity without a contracted price will be the first to profit not middlemen. Besides middlemen take much risk in moving a commodity from a supplier across the world to a distributor. Whether or not this will have any financial impact will depend on where the commodity is traded and the actual output of different states in the region. Shri Lanka should see a negative effect unless it has trading houses within its borders. The regional impact will not be full known for awhile. With many people in the region dead or having lost their source of income, demand in the region will fall of for nonessential commodities in the near future. All in all tea and coffee prices are the least of the regions worrys. ANOVA Their's always someone who can turn a tragedy into an investment opportunity. |
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| somerled | Jan 23 2005, 03:08 PM Post #14 |
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Admiral MacDonald RN
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I'm not so sure any change in supply will occur for coffee or tea, though I wouldn't put it past the middlemen , wholesalers and retailers to use the Indian Ocean desaster as pretence to bump up the prices and to profit from the desaster. |
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| ANOVA | Jan 23 2005, 03:23 PM Post #15 |
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Vice Admiral
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^^^^ Your premise is flawed. If supply remains equivalent to last harvest. Brokers will not be able to bid the price up and the end user will be able to reduce thier cost by price shopping, in effect forcing retailers to compete for market on price. Unless there is a tea or coffee cartel that I'm unaware of. The price bump in oil had to do more with increased demand then with the gnomes of Zurich fixing prices. ANOVA Not listed on Nasdaq |
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