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Originally posted by Oerdin
Coffee is a commodity dude. There is no insane mark up for the coffee itself.
Coffee is a commodity dude. There is no insane mark up for the coffee itself.
The wholesalers mark it up.
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The wholesalers mark it up.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
Since when is coffee a basic food?I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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Your troll must be too weak.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Troll? I don't really care about price controls in a country I don't live in. I'm just curious what it was about coffee that got it the designation of being a basic food by Chavez.I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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Ok here's what's wrong with the article.
I didn't read this right before, and I think no one else did. Two prices are fixed, raw coffee and retail. Chavez isn't forcing retailers to take a lose. The're simply speculating on higher prices.Coffee farmers have seen a 100% increase in the state-controlled price of raw coffee.
However, the government has so far been reluctant to increase retail prices to a level acceptable to coffee roasters and traders.
The reaction by coffee companies has been to hoard tens of thousands of tonnes of coffee in warehouses in the hope that the government would eventually announce fair prices.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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They grow a lot of coffee there, and he's a politician. That's why they call if a basic food.Originally posted by DinoDoc
Troll? I don't really care about price controls in a country I don't live in. I'm just curious what it was about coffee that got it the designation of being a basic food by Chavez.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Someone didn't read the entire article (by someone I mean Kid)
"You can't blame us for keeping the coffee to ourselves for the moment," says Eduardo Bianco, a senior executive at Cafe Madrid, Venezuela's largest coffee producer.
"Would you sell your products on the open market if you were sure you were going to make a loss?"
How much profit do coffee makers normally make? It is likely that it is less than 5%. A set low retail price would obviously create losses. It isn't simple speculation on higher prices. It's HOPE that they will so they won't have to take massive losses.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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