[Homeroast] fear of coffee stockpiling as prices climb

Rich rich-mail at octoxol.com
Sun Sep 12 12:06:17 CDT 2010


Ding, Ding, Ding, And folks we have a winner!!

Michael Wascher wrote:
> 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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