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re: Why your prices have gone up… an anecdote
Posted on 10/10/22 at 10:40 am to deltaland
Posted on 10/10/22 at 10:40 am to deltaland
Food prices for the restaurant industry have doubled in the last two years. It’s no joke, especially for smaller restaurants and franchisees. The joke that inflation is 8% is laughable.
0
Posted on 10/10/22 at 10:41 am to SquatchDawg
quote:
Please tell us what real world experience you have in these pricing discussions to validate your theory.
Chain of Shell stations owned by the local Shell distributor, on top of selling everyone else with Shell stations fuel owns probably 15 or 20 other stores with cafes. Plenty of buying power- 3 tender meal, a 20oz coke, and wedges goes from roughly $8 to just hair under $20 before local tax set in. There’s no damn reason for that much of an increase other than some gouging.
Also am really good friends with the guy whose family owned and started Krispy Krunchy Foods. He said unless the new owners are completely jacking up prices to the distributors that there’s no way they some places he’s seen should be selling KKF as expensive as they are even with inflation.
Take that for what it’s worth.
A lot of similar things have been happening in the world of ag chemicals too.
This post was edited on 10/10/22 at 10:46 am
Posted on 10/10/22 at 10:44 am to deltaland
quote:
Flour is made from wheat. Wheat supply has been short thanks to Russia
The US is a net exporter of Wheat by a very large margin.
LINK
The US exported 810 million bushels of wheat and imported 100 million bushels in 2021/2022.
Wheat supply is not an issue in the United States.
quote:
Wheat production in the U.S.
In 2018/2019, the United States had the fifth largest production volume of wheat worldwide, at 51.29 million metric tons. Within the United States, a handful of states produce a large share of the country’s wheat. In 2018, North Dakota was the U.S. state that cultivated the highest volume of wheat, followed by Kansas and Montana.
Global wheat trade
About 179.5 million metric tons of wheat were exported worldwide in 2018/2019, down from 182.6 million metric tons in the previous year. Over the last several years, the United States has been the second leading exporter of wheat, flour, and wheat products in terms of export volume, behind Russia but ahead of Canada. Russia exported some 39.5 million metric tons of wheat and flour in the 2017/2018 fiscal year. In that time period, Egypt and Indonesia were tied as the top importers of wheat, flour, and wheat products at 12.5 million metric tons each.
Posted on 10/10/22 at 10:45 am to OysterPoBoy
(no message)
This post was edited on 11/18/22 at 11:10 am
Posted on 10/10/22 at 10:49 am to Meauxjeaux
quote:
How does flour more than double in price in 18 months?
I was selling wheat for a little over $6 bushel before pandemic sold some this year for $11.20 bushel.
This post was edited on 10/10/22 at 10:50 am
Posted on 10/10/22 at 11:03 am to Athis
quote:
This Thanksgiving is going to cost a whole lot more this year.. For the last few years the grocery stores have run a deal that if you spend X amount of dollars you can get a turkey for .39 a pound.. I have a feeling that is not going to happen this year..
It’s alright because I saved $0.16 at my Fourth of July cookout 2 years ago.
I was smart and invested it all and now it’s down to $0.12, but I still have it to cover the increased cost of Thanksgiving
Thankful for Brandon
This post was edited on 10/10/22 at 4:52 pm
Posted on 10/10/22 at 11:05 am to highcotton2
quote:
I was selling wheat for a little over $6 bushel before pandemic sold some this year for $11.20 bushel.
I bet it was damn good wheat too. I know over here we’ve never had a crop in Northeast, La. with that many thousands of acres not only actually make it to harvest but make it there with the yields it did that I can remember. I know back home most years it’ll be a few people try a couple of hundred acres and lot of that is usually a fail once the fall and winter rains set in, this year though everyone that tried it knocked it out of the park.
This post was edited on 10/10/22 at 11:45 am
Posted on 10/10/22 at 11:06 am to Meauxjeaux
quote:
How does flour more than double in price in 18 months?
A: Stupid fricking liberals in power.
Posted on 10/10/22 at 11:24 am to Meauxjeaux
quote:
$86.94 for rainbow sprinkles
WTF! Maybe don't offer sprinkled donuts for a while??
Posted on 10/10/22 at 11:25 am to Meauxjeaux
Since January I started doing something I haven't done since I was a college student. I clip coupons. It's only for stuff I regularly buy but that's how high grocery prices are getting.
Posted on 10/10/22 at 11:26 am to Meauxjeaux
And that's just the cost of materials. Cost of labor has gone up too. If that bakery has to hire a few workers, they're probably barely making ends meet.
Posted on 10/10/22 at 12:20 pm to Athis
Dude, check out eggs. They are running at 4.50 -5.00 a dozen. It's ridiculous.
Posted on 10/10/22 at 12:22 pm to OysterPoBoy
quote:
Big ingredient is price gouging us.
oil companies just posted record profits..
im as conservative as the next guy but that isnt trickling down to the middle class in the form of wages... ive about had it with these major corporations. theyre too powerful.
Posted on 10/10/22 at 12:27 pm to Meauxjeaux
Rainbow sprinkles hits the LGBQT especially hard.
Posted on 10/10/22 at 12:30 pm to Meauxjeaux
The damn Rainbow Sprinkles CARTEL is price gouging like a MoFo!
We need to see about enacting a special windfall tax on the Sprinkles industry.
We need to see about enacting a special windfall tax on the Sprinkles industry.
Posted on 10/10/22 at 12:30 pm to deltaland
[quote] Flour is made from wheat. Wheat supply has been short thanks to Russia[/quote
America is the 2nd largest wheat exporter. The largest wheat importer to the US is Canada.
Planted wheat area is at a 100+ year low. Farmers can make more money planting other crops.
USDA website
LINK
America is the 2nd largest wheat exporter. The largest wheat importer to the US is Canada.
Planted wheat area is at a 100+ year low. Farmers can make more money planting other crops.
USDA website
LINK
This post was edited on 10/10/22 at 12:47 pm
Posted on 10/10/22 at 12:35 pm to MizzouBS
I’ve heard it’s the packaging and transportation costs and market power causing most of the increases in food prices. The latter being the reason that food prices are sticky. A huge anti-trust push right now to reverse the damage of the CARES Act would do this country wonders.
Posted on 10/10/22 at 1:13 pm to KiwiHead
quote:
They are running at 4.50 -5.00 a dozen
yep....
Posted on 10/10/22 at 1:17 pm to EasterEgg
quote:
$86.94 for rainbow sprinkles
WTF! Maybe don't offer sprinkled donuts for a while??
Yay, kill quality to keep the price down.
That is how you get bland, depressing apartment buildings like they have in Russia, Mr Commie-lover.
Posted on 10/10/22 at 1:20 pm to TigerFan55555
quote:
oil companies just posted record profits..
im as conservative as the next guy but that isnt trickling down to the middle class in the form of wages... ive about had it with these major corporations. theyre too powerful.
When government makes the cost of doing business so high that there is a legitimate barrier to entry for new firms to take market share, you get exactly what you see now.
"Conservative" or "Capitalism" isn't the problem... it's Gov and Big Business in bed with each other.
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