[Homeroast] fear of coffee stockpiling as prices climb

Michael Wascher wascher at gmail.com
Sat Sep 11 08:36:11 CDT 2010


I presume they're improving their capability to exploit the world's most
over-exploited natural resource (taxpayers!).

“We’ve got no money, so we’ve got to think.”
--Dr. Ernest Rutherford, the father of nuclear physics


On Fri, Sep 10, 2010 at 7:45 PM, Rich <rich-mail at octoxol.com> wrote:

> Why exactly do you think the Ethiopian government came up with the Coffee
> Exchange idea?
>
>
> sci wrote:
>
>> Exactly Joseph. Coffee is the 2nd most traded commodity on Earth. Does
>> anybody really believe that there has not been market manipulation in the
>> past? Pendergast's history of coffee, Uncommon Grounds, explains how the
>> coffee markets have been whip-lashed and cornered in the past, causing
>> extreme price fluctuations. He even documents how vast quantities of
>> coffee
>> have been destroyed because of overproduction and greed in an effort to
>> get
>> the prices back up. The little farmers can't handle this price volatility.
>> Farm Gate, and FT (I hope), are great efforts to protect the little farmer
>> who makes the kind of coffee we drool over.
>>
>> Ivan
>>
>> ++++++++++++++++++++++++++++++++++++++++
>> Date: Thu, 9 Sep 2010 13:18:04 -0700
>> From: Joseph Robertson <theotherjo at gmail.com>
>> To: "A list to discuss home coffee roasting. There are rules for this
>>       list,   available at http://www.sweetmarias.com/maillistinfo.html"
>>       <homeroast at lists.sweetmariascoffee.com>
>> Subject: Re: [Homeroast] fear of coffee stockpiling as prices climb
>> Message-ID:
>>       <AANLkTimegz0EgscUMWK8U_x8mvLPT9C4CxpszRvxdCW7 at mail.gmail.com>
>> Content-Type: text/plain; charset=ISO-8859-1
>>
>> The "whole story" is not as complex as you might think. Just as Opec
>> controls the price ( often very inflated due to stock piling )  of oil at
>> your local pump the largest growers of coffee can and probably have done
>> the
>> same for years. Before commenting here read the first post in the thread
>> and
>> try and understand the futures market as referred to in the original
>> article.
>> Thanks miKe for some clarification regarding the impact to small
>> businesses
>> like us.
>> JoeR
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>>
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