Posted by ridgetopab on 24th of Mar 2019 at 02:30 pm
Wikipedia article on coffee...Complex market from green beans to
consumers. quote " Specialty coffee, however, is
frequently not purchased on commodities exchanges—for example,
Starbuckspurchases nearly all its coffee
through multi-year, private contracts that often pay double the
commodity price.
[16] It is also important to note that the coffee sold at
retail is a different economic product than wholesale coffee traded
as a commodity, which becomes an input to the various ultimate end
products so that its market is ultimately affected by changes in
consumption patterns and prices."
Posted by pmahoney on 24th of Mar 2019 at 02:41 pm
Of course I was being sarcastic above. Good info. I
wonder that % of cost the coffee is versus the labor costs. I
bet the overall costs of running the shops (labor and overhead)
is greater than half (versus material costs).
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Wikipedia article on coffee...Complex market
Coffee Monthly and Daily Views
Posted by ridgetopab on 24th of Mar 2019 at 02:30 pm
Wikipedia article on coffee...Complex market from green beans to consumers. quote " Specialty coffee, however, is frequently not purchased on commodities exchanges—for example, Starbuckspurchases nearly all its coffee through multi-year, private contracts that often pay double the commodity price. [16] It is also important to note that the coffee sold at retail is a different economic product than wholesale coffee traded as a commodity, which becomes an input to the various ultimate end products so that its market is ultimately affected by changes in consumption patterns and prices."
Paul - I know you
Posted by steve on 24th of Mar 2019 at 03:31 pm
Paul - I know you were - nothing wrong with having a little fun once in awhile.
Of course I was being
Posted by pmahoney on 24th of Mar 2019 at 02:41 pm
Of course I was being sarcastic above. Good info. I wonder that % of cost the coffee is versus the labor costs. I bet the overall costs of running the shops (labor and overhead) is greater than half (versus material costs).