HomeRoast Digest


Topic: Coffee price hikes smarting (14 msgs / 327 lines)
1) From: sci
The hike in coffee prices starting back in 2010 is starting to smart. I
hadn't really noticed, but several people I know complained about it, asking
me where to get good coffee at decent prices. SM's offering list also
reflects the hikes. One article says hikes are a combination of factors,
mostly supply/demand dynamics. Demand is rising esp. in China, and the
supply has been lower than usual due to weather etc. Another report said the
use of robusta in nasty canned blends is at an all-time high ratio in an
effort to keep costs down. One of my favorite local roasters (CCC)  charges
$14 for a 12oz bag of Kenyan ($19 lb.) and $12 for 12oz of Ethiopian DPs.
Yikes. That is steep for most folks on a flat-lined salary. Several coffee
junkies started asking me more about home roasting.
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2) From: Edward Bourgeois
Yes a great kenyan will be much higher this year and many others a
modest increase. Still for a fine drink as we can produce with the
beans Tom sources it's still a bargain per cup or shot.
On Fri, Feb 11, 2011 at 8:00 PM, sci  wrote:
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-- =
Ed Bourgeois aka farmroast
Amherst MA.http://coffee-roasting.blogspot.com/Homeroast mailing list
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3) From: Tom & Maria - Sweet Maria's Coffee
The crime is that mediocre coffee is going to be expensive. Having to 
pay a lot for an amazing Kenya seems less problematic. Its sad 
because I think if we had meaningful reform on commodity markets, we 
wouldnt be in this situation. Some say that 70% of the commercial 
paper for coffee is held by speculators now, whereas it used to be an 
exchange for the actual seller and buyer of coffee, those who create, 
handle, or want to receive the physical product. Someone is making a 
lot of money in this market, but it's not those who actually trade in 
coffee...
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-- 
-Tom
Sweet Maria's Coffee  -  Oakland, California  - http://www.sweetmarias.comHomeroast mailing list
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4) From: Joseph Robertson
Wow Tom, thanks for the clarity.
Joe
On Fri, Feb 11, 2011 at 5:23 PM, Tom & Maria - Sweet Maria's Coffee <
sweetmarias> wrote:
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-- 
Joseph Robertson
Sasquatch Coffee Roasters
Craft Coffee Roasting by Design
joe http://www.jolindas.com(360)521-3104     PO Box 451 Stevenson,Washington 98648 USA
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5) From: miKe mcKoffee
To give you an idea how much the C Market has gone up in less than a year
since the mid June 2010 price rise take off the spot price of Brazil
Moreninha Formosa was $1.85 end of May 2010 order, end of Dec 2010 $2.77 and
today $3.15. That's a cost increase of 70.3% in 9 months....and it's still
going up up up daily.
$12 for a 12oz roasted bag of a good DP Ethiopia in today's market is cheap.
Slave to the Bean  miKe mcKoffee
www.CompassCoffeeRoasting.com
URL to Rosto mods, FrankenFormer, some recipes etc:http://www.mckoffee.com/Ultimately the quest for Koffee Nirvana is a solitary path. To know I must
first not know. And in knowing know I know not. Each Personal enlightenment
found exploring the many divergent foot steps of Those who have gone before.
Sweet Maria's List - Searchable Archiveshttp://themeyers.org/HomeRoast/
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6) From: Joseph Robertson
I'm going dizzy watching the C green coffee market and the price of gas
above most local gas stations.
Which one will win?................:^(
Joe
On Fri, Feb 11, 2011 at 7:37 PM, miKe mcKoffee  wrote:
<Snip>
-- 
Joseph Robertson
Sasquatch Coffee Roasters
Craft Coffee Roasting by Design
joe http://www.jolindas.com(360)521-3104     PO Box 451 Stevenson,Washington 98648 USA
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7) From: Joseph Robertson
Or should I say which will bottom first?
Joe
On Fri, Feb 11, 2011 at 10:18 PM, Joseph Robertson wrote:
<Snip>
-- 
Joseph Robertson
Sasquatch Coffee Roasters
Craft Coffee Roasting by Design
joe http://www.jolindas.com(360)521-3104     PO Box 451 Stevenson,Washington 98648 USA
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8) From: Joseph Robertson
As far as gas, I'm lucky I can walk to most areas in town. Now green coffee
I'm stuck like every one else. I'm thinking of going to Egypt to help bring
the coffee market back where it belongs. ;^) After all it is a time to help
all in the world especially those in Egypt with economic reform and
stability. Being involved in the coffee business has help me learn what a
global market is all about. What affects them or the growing regions affects
us very directly. God help me if I have to start drinking Tea like Americans
had to start drinking coffee after the famous Tea way back.
Joe
On Fri, Feb 11, 2011 at 10:18 PM, Joseph Robertson wrote:
<Snip>
-- 
Joseph Robertson
Sasquatch Coffee Roasters
Craft Coffee Roasting by Design
joe http://www.jolindas.com(360)521-3104     PO Box 451 Stevenson,Washington 98648 USA
Homeroast mailing list
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9) From: michael brown
Agreed. 
Michael Bb'ham, Al
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10) From: Paul Jolly
Tom,
I'm happy (as I think most of us are) to pay more for Farm Gate coffee.  Does FG 
help keep prices stable, since you negotiate directly with the farmers?
Paul
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11) From: Tom & Maria - Sweet Maria's Coffee
Its a good question Paul - in fact it's such a good question I will 
be speaking on that at SCAA conference. The market DOES affect Farm 
Gate pricing. It should seem impervious to it since it is negotiated 
person to person, but when the local price to sell coffee fruit 
starts to go up, it's puts pressure on everyone to raise their 
premiums. It's so easy to simply harvest fruit and sell it, and avoid 
all the costs of processing the fruit, drying, milling, etc etc. And 
if a farmer buys cherry from neighboring farms, they have to compete 
directly in the local cherry market. All those local prices are 
guided by the global price to some degree. The fact is, if and when 
the global price collapses we will be paying the same, so would think 
a farmer would see the long term relation as being more important 
that a short term gain for one season. But realistically I can't 
expect them to ignore it. Those who will really suffer this year are 
cooperatives. I can see some not making it, defaulting on contracts, 
etc. That is sad because it reduces the competition, which will hurt 
farmers in the long run. The other problem is quality. If you can do 
less and get more money, many will opt for that. I don't think it 
affects us because of direct relationships and tons of cupping 
quality control to make sure coffees are good - but I think a lot of 
regional coffees, a Costa Rica Tarrazu pooled lot, is going to be a 
lot worse this year. I don't mean to be all doom and gloom, we'll see 
where this goes.
Tom
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-- 
-Tom
Sweet Maria's Coffee  -  Oakland, California  - http://www.sweetmarias.comHomeroast mailing list
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12) From: Edward Bourgeois
Much similar is happening in all areas of food. Small dairy farms that
process their own and small farms that sell local both retail and
wholesale are deal with the same thing. I sold lamb and wool into the
commodity market years ago and it was a constant roller coaster ride.
Then when I went local the customer were always comparing to market
prices for the good and bad. Many time the market price was more on
speculation than it was on the realities of weather, input costs, true
availabilities or anything that really made sense. Hopefully the money
grubbers will find something new to play with soon but food seems a
hot one right now and probably for at least the near future.
On Sat, Feb 12, 2011 at 3:25 PM, Tom & Maria - Sweet Maria's Coffee
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-- =
Ed Bourgeois aka farmroast
Amherst MA.http://coffee-roasting.blogspot.com/Homeroast mailing list
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13) From: ricky carter
You can all thank Ben Bernanke and Quantitative Easing 1 & 2-  The fed
(Federal Reserve Bank) pumps between 7 and 10 billion a day of liquidity
into the martket (hot cash )that has to chase something. This is also the
reason the stock market is rising at such an unnatural rate for a such a
weak economy and the dollar is falling.
No sense blaming the "speculators", they  get that hot cash from somewhere
and it is the deliberate policy of the Federal Reserve that is putting it
into their hands.
If some one gave you 10 billion a day, basically for free, (can you say
between 0 and .25% interest rate?) and said go have fun, where do you think
you might put the money, particularly when the act of giving you the cash
devalues the dollar?  why commodities of course, and it doesn't really
matter what the commodity is.
I just want to eliminate the amorphous disembodied "speculator" and give you
the name of the man and the institution truly responsible.  Ben Bernanke,
Federal Reserve.
On Sat, Feb 12, 2011 at 8:02 PM, Edward Bourgeois wrote:
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14) From: Rich
Very true and you can track the price of commodities today and compare 
the price for the same commodity at 2007/2008 prices to get a good idea 
of how much funny money has ben pumped into the system.  All of this hot 
money has to come back out of the system eventually. This hot money 
injection is also known as Monetization of the Debt.
On 02/12/2011 09:32 PM, ricky carter wrote:
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