stinks, dont it

Guess who won't be having banana's on the menu Helena.

I lived in Woolgoolga on the mid north coast of NSW (which, with Coffs Harbour, is the centre for the NSW banana growing industry.) for 8 years up till 2 years ago & a very good friend of mine is one of the many indians who owns plantations there.

I was just in touch with him & he told me the prices of bananas he sells has gone up from $12 a case up to $45 kilo a case already & he is expecting it to go to $65 any day now.

After the 2006 cyclone in NQ his carton prices peaked at about $145 a case so he is expecting at least that price sooner or later.

Last time the earnings he got helped him buy a house, truck & tractor. Although I felt very sad for the people up north I felt happy for him because he could finally move his family of 3 kids out of the 2 bedroom unit they had been renting for the last 5 years.

Cheers
Jon

Anyone attempting to charge $10 for a loaf of bread should be pulled across the counter by his/her shirt collar and punched into insensibility.
And now, God help us, there are reports of looters in the rubble of the cyclone. A bullet in the head is the obvious answer, although far too merciful for these bottom-feeding scum.
Saw on TV a sign scrawled on a destroyed house in (I think) Cardwell, which said "battered but not beaten."
Keep your spirits up, North Queenslanders!
Cheers, Tony

Well Brickies , I can tell you that the $10 a loaf for bread may have been a furphy , but my son was asked for $8 for a loaf at a shop during the Brisbane floods .
Didn't pay it of course , but some did .

$10 or $8 for a loaf of bread . . . . . . they still should be run out of town .

As for bananas , they were around $20 / kilo for months after cyclone Larry , so we can expect at least that for a few months now .

Hylda&Jon wrote:

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I lived in Woolgoolga on the mid north coast of NSW (which, with Coffs Harbour, is the centre for the NSW banana growing industry.) for 8 years up till 2 years ago & a very good friend of mine is one of the many indians who owns plantations there.

I was just in touch with him & he told me the prices of bananas he sells has gone up from $12 a case up to $45 kilo a case already & he is expecting it to go to $65 any day now.

After the 2006 cyclone in NQ his carton prices peaked at about $145 a case so he is expecting at least that price sooner or later.

Last time the earnings he got helped him buy a house, truck & tractor. Although I felt very sad for the people up north I felt happy for him because he could finally move his family of 3 kids out of the 2 bedroom unit they had been renting for the last 5 years.

Cheers
Jon

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Yes,  there's two sides to the story.

When there's a glut these same farmers have to take a price less than their production costs or sometimes destroy their crop to cut their losses.  I can live without bananas if they get too expensive.

 

Wombat you hit the nail on the head they are only worth what people want to pay for them , if people stop buying the price will fall

I'm with you Helena.

I will still buy bananas, will just have half a day instead of one whole one unless they get far too expensive.

The doctor tells you to eat healthy to stay well and keep cholestoral down and then the prices go up and we have to eat crap that is unhealthy for us like white bread etc.

Well, I won't do it anymore, I need to live longer than my long gone generations who lived on bread and dripping and all died at an early age.

So I will buy Coles 2.00 trim milk. I will buy bananas and eat less per day rather than none at all.

I will buy at Aldi even though they are a foreign owned company if they have cheaper fruit and veges.

I will live longer than my own parents who had no idea what a healthy diet meant, being farming people lived on red meat, lots of fat etc etc etc. And didn't get proper medical advice when they should.

Well i will still buy banana's ... But only australian ones and if we all do that hopefully we wont start to import them ....We all surived the last time when cyclone larry wipe out most of the aussie bananas ... I be like Happy Wanderer i have half instead of a full one... but when we look at it even at $20.00 per kg they still wont cost more per banana than a mars bar or a coffee and most of us buy them with worrying about the price ..

And we don't get the rest of the story told in the news. I remember the news reporter standing in front of the shop giving out that first story. They should be made to retract and apologize and make it as big a news story as the first part was.

Well, I honestly believed it had happened and had no reason not to. If no one corrects their first story it is very difficult to believe anything different.
My belief was that it was a bakery who baked their own bread, not a milk bar just selling it, but there you go it was all lies anyway.

To the Queensland Police credit they have set up a Facebook page to inform the general public of what is happening this happen in the recent floods an Yasi . They would inform us of the myth that were doing the rounds and were very honest with information yet national media would still run their story without letting the truth yet in the way of a good story .

"Profiteering" (whatever that means) is not illegal unless it involves cartel (price collusion) behaviour. Predatory pricing is.

Unlike other commodities bananas cannot be imported to make up a supply shortfall due to strict quarantine laws. This means the laws of supply and demand will determine the price. This is in effect a form of rationing. The alternative is some other form of rationing that would involve unacceptable government and bureaucratic interference in the workings of a free market.