Skywalker roaster... | [275] |
Skywalker, the AL... | [195] |
Dereks 1-2Kg drum... | [115] |
Skywalker Roasts | [92] |
SR800/SR540 Fan C... | [82] |
Cost of coffee beans (green)
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Omega |
Posted on 10/14/2014 10:21 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
I'm sure that a lot of you are aware that coffee prices have risen to astronomical levels lately. I check coffee prices several times a day (along with crude oil and other things). The site I use is this one > http://www.finviz...tures.ashx Coffee is found on the forth row from the top. If you click on an individual commodity, you can see a price graph that goes back for a year, giving a good idea of where the prices have been and see those in relationship to current pricing. Coffee hit $222 for a contract today. A year ago, it was about $118. It stands to reason that coffee is going to go way up for us, unless Brazil gets some rain, soon! (That's the reason for the spike, along with Coffee Leaf Rust). Barry |
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allenb |
Posted on 10/16/2014 7:30 PM
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Administrator Posts: 3851 Joined: February 23, 2010 |
I knew it was only a matter of time till the leaf rust plague (and other problems) drove costs up severely and I guess it's at our door step. We can only hope that there isn't a doubling of our green retail $ from our current suppliers. If this happens I think we'll have to seriously consider diving in head first into bulk buys only and share distribution duties. Allen 1/2 lb and 1 lb drum, Siemens Sirocco fluidbed, presspot, chemex, cajun biggin brewer from the backwoods of Louisiana
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Omega |
Posted on 10/17/2014 8:26 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Coffee went down again today, down $12 from it's high of a few days ago, but still far above it's normal trading range. I heard from a bean vendor that he was holding back on buying additional inventory until things settle down a bit. Time will tell where all of this leads. Barry |
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Omega |
Posted on 10/22/2014 5:11 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Coffee is at $191.50, way down from the all time high of $220 a few days ago. I'm sure that our suppliers are hoping the price will continue to normalize, I know that I am. Barry |
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ginny |
Posted on 10/24/2014 8:01 AM
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Founder Posts: 3476 Joined: October 24, 2005 |
Hi Guys... we are still paying less for our greens. i we bought the garbage they sell in cans and bags that was roasted up to 3 years ago we really would be paying a premium price. I have not noticed my greens up too much. ginny Thom at SM has 10 pounds of his Columbian for 60 bucks and they are all different. |
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Omega |
Posted on 02/24/2015 1:02 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Coffee prices have dropped like a rock in recent days. Currently, the price is $148.65, the lowest price in over a year. The price reduction is, in large part, due to easing of the drought in Brazil, the world's largest producer of coffee. See the graph here > http://www.finviz....ashx?t=KC Barry |
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ciel-007 |
Posted on 02/24/2015 1:12 PM
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1 1/2 Pounder Posts: 651 Joined: April 03, 2012 |
Quote Omega wrote: Coffee prices have dropped like a rock in recent days. Currently, the price is $148.65, the lowest price in over a year. The price reduction is, in large part, due to easing of the drought in Brazil, the world's largest producer of coffee. See the graph here > http://www.finviz....ashx?t=KC Barry Barry, thanks for posting this. Ciel Edited by ciel-007 on 02/24/2015 1:19 PM Ciel... seeking Heaven in my cup with ................................................................................................................. EXPOBAR Brewtus II - MAZZER Mini E - MAHLK?NIG Vario - GeneCafe - RAF-1 Extreme (Modified B-2 HOTTOP) - BellaTaiwan XJ-101
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ciel-007 |
Posted on 02/24/2015 1:14 PM
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1 1/2 Pounder Posts: 651 Joined: April 03, 2012 |
Here's another view of this dramatic decline from NASDAQ: "End of Day Commodity Futures Price Quotes for Coffee" Ciel
ciel-007 attached the following image:
Edited by ciel-007 on 02/24/2015 1:21 PM Ciel... seeking Heaven in my cup with ................................................................................................................. EXPOBAR Brewtus II - MAZZER Mini E - MAHLK?NIG Vario - GeneCafe - RAF-1 Extreme (Modified B-2 HOTTOP) - BellaTaiwan XJ-101
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ginny |
Posted on 02/24/2015 1:41 PM
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Founder Posts: 3476 Joined: October 24, 2005 |
will it impact us a lot, maybe not ... ginny |
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Omega |
Posted on 02/24/2015 2:23 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Quote I talked to Matt at HappyMug when the cost of coffee was near the peak and he wasn't ordering coffee because of the impact that the futures market had on beans he wanted. He said that the market needed to "settle down" a little before he did any buying. He ran out of several varieties before the price dropped enough to make buying a bit less painful. The ramp up in prices didn't affect us nearly like it did the big national roasters, since the avenues they purchase through hinge on the futures pricing. Most of the coffee we are interested in is bought directly from the farms or through small importers. In reality, there was no shortage, just less of a surplus than usual. Speculators really mess things up sometimes. Barry |
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HoldTheOnions |
Posted on 02/24/2015 7:12 PM
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1/2 Pounder Posts: 205 Joined: October 26, 2014 |
You like charts, take a gander at these, Cocoa, Light Crude, Gold, Lean Hogs, Copper, Heating Oil, Coffee, Live Cattle, Orange Juice, Natural Gas, Sugar and Corn: S&P 500: You can't make this stuff up. |
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ginny |
Posted on 02/24/2015 7:29 PM
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Founder Posts: 3476 Joined: October 24, 2005 |
so you are telling me what? ginny |
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Omega |
Posted on 02/24/2015 7:56 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Quote Assuming that you were referring to me.... I merely pointed out that some of our suppliers ran out of some of their inventory, solely because of price fluctuations that took prices higher than they thought they could pass on. So, some of us were affected. You might not have been, if you weren't ordering during one of the price spikes. I had to wait for the prices to come down, so that my source could restock items that I wanted, at a price that was about 10% higher than a few weeks earlier. I noticed several price increases on a number of beans that I had bought previously. Like 10 to 15% higher. The increase in prices wasn't a big factor for some folks, but it was there. I would prefer that prices decrease, personally. If, on the other hand, you were referring to the charts posted, I don't have a clue what that's about. Barry |
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ginny |
Posted on 02/25/2015 4:12 AM
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Founder Posts: 3476 Joined: October 24, 2005 |
Thanks Barry I figured that out and I had a large inventory so I was not affected. I was curious about the charts... ginny |
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turtle |
Posted on 02/25/2015 8:57 AM
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1 1/2 Pounder Posts: 652 Joined: November 06, 2013 |
Around 100# still sitting around here in green so was not "in the loop" for the rise in prices. Mick - "Drinking in life one cup at a time"
"I'd rather be roasting coffee" Roaster 1: San Franciscan SF-1 Roaster 2: Hottop B-2K+ Roaster 3: 2 kilo Chinese drum Grinders: Mazzer Major - Forte BG (x3) Pour over: Hario - Bee House - Chemex - Kalita - Bodum Drip: Bunn CWTF15-1 & CW15-TC (commercials) Espresso: Pasquini Livia 90 auto Vacuum: Cona - Bodum Press: Frieling - Bodum Colombia |
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snwcmpr |
Posted on 02/25/2015 9:15 AM
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1 1/2 Pounder Posts: 925 Joined: March 03, 2011 |
I have to wonder if the beans we buy are different than the beans in the market mentioned. Small lot, specialty coffees not the big purchases for large distribution. Don't we generally pay a bit more to get a bit more? Ken in NC --------------
Backwoods Roaster "I wish I could taste as well as I wish I could roast." As Abraham Lincoln said "Do not trust everything you read on the internet". |
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Omega |
Posted on 02/25/2015 11:42 AM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Quote snwcmpr wrote: I have to wonder if the beans we buy are different than the beans in the market mentioned. Small lot, specialty coffees not the big purchases for large distribution. Don't we generally pay a bit more to get a bit more? Ken in NC Yes, I think that we do pay quite a bit more for specialty grade coffee. I read a little article about Starbucks buying Papua New Guinea for about $1.38 per pound and selling it here for upwards of $24. Nice profit margin! The big roasters, obviously, buy lesser quality beans (I assume...) in huge quantity and enjoy the much lower price. They surely aren't buying micro lots of high quality beans. Barry |
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Omega |
Posted on 02/25/2015 11:44 AM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Current coffee price is $140.20, down about 5% for the day. Compare that to $220 in mid-October last year! Barry |
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ginny |
Posted on 02/25/2015 12:04 PM
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Founder Posts: 3476 Joined: October 24, 2005 |
There is a huge auction market on premium greens too, beans we will never see apparently... will try to find the article that was in the WSJ a few weeks ago. -g |
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HoldTheOnions |
Posted on 02/25/2015 8:08 PM
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1/2 Pounder Posts: 205 Joined: October 26, 2014 |
Quote Simply showing the degree to which the stock market has been manipulated by the Fed. The core philosophy of current central planning is to issue debt to pump up the stock market and then debase the currency to create inflation so in effect the value of the debt shrinks over time. They are trying to have their cake and eat it too, and so far it is actually working, but do you really think these guys are smarter than the markets? Trust me, many before have thought so. Point being keep a good stock of those greens. Coffee prices aren't going to stay low, even if they stay the same, the value of the currency used to purchase them will continue to shrink. And don't waste time with physical gold and silver, starving people can't eat gold, but they do like a good cup of Joe ;-) |
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Omega |
Posted on 03/03/2015 10:16 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Coffee has been getting pounded (pun intended) as of late, it's price down by 6.5% in one day, down to $129.35! That has been the trend for about the last 3 or 4 months. Compare today's price to October 2014 price of over $220! Take a look at the chart, here > http://www.finviz....ashx?t=KC Barry |
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jkoll42 |
Posted on 03/04/2015 6:26 AM
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1 1/2 Pounder Posts: 860 Joined: February 14, 2011 |
The prices shown on the graphs are for commodity 37500# contract bean orders. Does anyone know how much these commodity prices actually effect small lot specialty bean prices?
-Jon
Honey badger 1k, Bunn LPG-2E, Technivorm, Cimbali Max Hybrid, Vibiemme Double Domo V3 |
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JETROASTER |
Posted on 03/04/2015 8:18 AM
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Administrator Posts: 1780 Joined: March 06, 2010 |
Check the archived newsletters at Sweet Marias (Late 2013-2014) I seem to remember a good article on that subject. Cheers, Scott |
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boar_d_laze |
Posted on 03/04/2015 10:16 AM
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1/4 Pounder Posts: 181 Joined: May 28, 2013 |
Quote Omega wrote: Coffee has been getting pounded (pun intended) as of late, it's price down by 6.5% in one day, down to $129.35! That has been the trend for about the last 3 or 4 months. Compare today's price to October 2014 price of over $220! There's a lot of context here. Weather, hectares in production, expected crop yield, stock on hand, expected demand, politics (e.g.,, the willingness of a government to cave for the benefits of a large corporation), energy prices, etc. However, the prime movers here are the strength of the dollar and the overall behavior of the commodities market. The dollar is very strong, especially compared to coffee producer's currencies, and commodities in general are much cheaper than they were not so very long ago. Nobody really understand this stuff very well. Rich USRC 1lb Roaster, Chemex+Kone, Espro, Various FPs, Royal Siphon Vacuum, Yama Ice Drip Tower, Bunnzilla, La Cimbali M21 Casa, Ceado E92.
CookFoodGood |
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Omega |
Posted on 03/04/2015 12:39 PM
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1/4 Pounder Posts: 132 Joined: June 13, 2014 |
Quote boar_d_laze wrote: Quote Omega wrote: Coffee has been getting pounded (pun intended) as of late, it's price down by 6.5% in one day, down to $129.35! That has been the trend for about the last 3 or 4 months. Compare today's price to October 2014 price of over $220! There's a lot of context here. Weather, hectares in production, expected crop yield, stock on hand, expected demand, politics (e.g.,, the willingness of a government to cave for the benefits of a large corporation), energy prices, etc. However, the prime movers here are the strength of the dollar and the overall behavior of the commodities market. The dollar is very strong, especially compared to coffee producer's currencies, and commodities in general are much cheaper than they were not so very long ago. Nobody really understand this stuff very well. Rich There may be other, lesser factors, that have influenced the price of coffee, but the prime mover in coffee futures has been the weather in Brazil. The drought of last year caused the prices to skyrocket. The improving weather outlook has eased the concern over coffee yields from the world's largest producer of coffee. Here's an article that goes into detail > http://www.azerne...78289.html Excerpt from the article: "After surging as much as 11 percent to 2015?s high in mid- January, rains in Brazil improved crop prospects and prices are now at the lowest in a year. Bull-to-bear market gyrations spurred by changing weather in the country, the world?s biggest producer and exporter, drove coffee to be the most-volatile commodity in the past year. Brazil?s most-severe drought in decades damaged crops in early 2014, and traders spent the rest of the year tracking rains as prices surged 50 percent. Above-normal precipitation in the past month has replenished dry soils, according to MDA Weather Services, and moisture levels are adequate in most growing areas. ?Weather conditions are near perfect in Brazil, and there are no crop concerns anymore,? James Cordier, founder of Optionsellers.com in Tampa, Florida, said in a telephone interview. ?Concerns from the drought last year were overblown. Because many trees are young, they were able to rebound and are probably going to produce nicely this year and the next one.? Barry |
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