The only people who believe what you posted are those who are too lazy to find the truth.
You can learn more here. Or not.
Posted on 08/23/2006 6:50:36 PM PDT by blam
Price of food and drink will soar, experts predict By David Derbyshire, Consumer Affairs Editor
(Filed: 24/08/2006)
On top of soaring fuel bills, petrol prices and council tax, retail experts issued a warning yesterday that the cost of food and drink was about to go up sharply.
Supermarkets are expected to pass on higher prices to customers after a combination of poor harvests and the rising cost of global commodities such as orange juice and coffee.
Drink up: The cost of orange juice is expected to rise by up to 25 per cent over the next few months The cost of food has been rising substantially this year. The British Retail Consortium said food prices went up in July for the third month in a row. In the 12 months to July, food inflation was 3.2 per cent compared with the overall inflation rate of 2.4 per cent.
Tesco has conceded that some rising food costs may be passed on to customers over the next few months.
Richard Ratner, a retail analyst with Seymour Pierce, says customers will have to get used to the end of the supermarket price-cutting wars.
"It has been going on for some months now," he said. "You do get these seasonal flicks, but this year food prices seem to have gone up and I do not think the supermarkets are in any hurry to lower them, except on promotional items.
"It is easier for them to get price rises on food at the moment. On non-food, price deflation is still rife."
Other experts agree that these prices are likely to be permanent, partly because supermarkets are eager to compensate for falling revenue from cheaper clothes, shoes and electrical goods. After years of food price cutting, competition has not been as fierce in the past few months.
The Grocer magazine says the cost of milk has risen by 11 per cent in Tesco since May, while the cost of a tin of baked beans has risen by 13 per cent. Spreadable butter is up by 21 per cent, lettuces are up by 11 per cent and coffee is up by 6.5 per cent.
The spiralling cost of oil and gas to record levels has also added to the costs of food manufacturers.
One of the leading millers, ADM Milling, said this month that the price of flour would rocket next month after a disappointing harvest. Some analysts believe it will add around 10p to the cost of a loaf of bread.
Over the past month, the cost of coffee has risen by 32 per cent to a seven-year high. The rise in prices was fuelled by predictions of a poor harvest in Vietnam, the biggest producer of Robusta coffee beans. The cost of orange juice is also expected to rise by up to 25 per cent over the next few months.
They drink Vietnamese coffee?
I expect they brew their own coffee but looks like they may buy their beans from Vietnam.
"The rise in prices was fuelled by predictions of a poor harvest in Vietnam, the biggest producer of Robusta coffee beans."
The UK should just do like we do and not count food and fuel in their inflation index!
Coffee propaganda capital of the world. But why Larry, why?
Well, the very first thing you notice upon entering Ho Chi Minh City, apart from the scooters, are the coffeeshops, coffee billboards, coffee markets and coffee vendors.
Why on earth is coffee so damn popular in a monsoon-lashed land like Vietnam where all you can think of is when next you'll enjoy a chilled lemon juice?
Well, to start with, Vietnam is the third biggest producer of coffee beans in the world, after Brazil and Columbia. That may sound impressive, but what's not so is that the beans cultivated are almost exclusively Robusta. As the name implies, these crops are hardy and reliable, and hence relatively cheap to cultivate. However, they do not even begin to compare with the Arabica beans found in Jamaica and Ethiopia in terms of flavour and caffeine content.........
Good information. Thanks for digging for that.
Coffee is popular all over South-East Asia, the same as it is in the rest of the world. On the other hand, I don't think I have ever seen someone order a lemonade here in Thailand. I don't think it has anything to do with a Vietnamese coffee cabal.
The only people who believe what you posted are those who are too lazy to find the truth.
You can learn more here. Or not.
Which is why most instant coffee is made from Robusta beans. Nasty stuff.
My son just got back from the UK and said that the food prices were awful already.
Martha Stewart, is that you?
No, but I get grouchy when the blood level in my caffiene stream gets too high.
I'm paying $5/lb for some really great coffee. I figure I saved enough to pay for my roaster in 3 months, with as much coffee as I drink.
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