BajaNomad - A personal tragedy...an insidious plot

A personal tragedy...an insidious plot

Al G - 12-28-2007 at 12:03 PM

Thu Dec 27, 2007 5:20 pm (PST)

Pacifico May be next...

MONTERREY, Mexico, Dec 27 (Reuters) - Femsa, Latin America's top drinks company, is
raising its Mexican beer prices in line with Mexico's projected 2008 inflation rate to offset
rising raw material costs, the company said on Thursday.

"The price increase is being implemented by region, channel, brand and package and its
weighted average will be equivalent to the expected general inflation for 2008," Femsa
(FMSAUBD.MX: Quote, Profile, Research) (FMX.N: Quote, Profile, Research) said in a
statement.

Mexico's central bank says next year's inflation could be slightly above its 4 percent target
rate due to higher food prices and a planned fuel tax hike.

Some Mexican consumers and economists worry the fuel tax increase, albeit small, could
lead to rises in other product prices as companies try to offset the greater cost of
transporting goods and food.

Femsa, which produces Sol, Dos Equis, Bohemia, Tecate and Carta Blanca, said its price
rises would be fully implemented from January. The company blamed rising grain and
aluminum costs on world markets for the increases.

Femsa has three divisions: its beer subsidiary, soft drinks unit Coca-Cola Femsa (KOFL.MX:
Quote, Profile, Research) (KOF.N: Quote, Profile, Research), and a retail operation that runs
Latin America's largest corner store chain, Oxxo.

Billionaire Bill Gates recently took a stake worth about $390 million in Monterrey-based
Femsa. (Reporting by Robin Emmott; Editing by Braden Reddall

HotSchott - 12-28-2007 at 12:34 PM

BWAAAAAAAA :no:

DENNIS - 12-28-2007 at 12:47 PM

One could always buy Tecate beer for less in the US than Tecate , where it's made. What's up with that?

By the way....Reportedly, Gates bought 3.5 % of Femsa. The article didn't mention that.

[Edited on 12-28-2007 by DENNIS]

Al G - 12-28-2007 at 01:23 PM

Pacifico was 160mn to 180mn last year what is it now?
It is about 22.00 here now on sale...but you get robbed for $1.20 by California too...

elgatoloco - 12-28-2007 at 05:17 PM

Quote:

Originally posted by DENNIS
One could always buy Tecate beer for less in the US than Tecate , where it's made. What's up with that?

By the way....Reportedly, Gates bought 3.5 % of Femsa. The article didn't mention that.

[Edited on 12-28-2007 by DENNIS]

Rumor has it he paid $390 mil for his 3.5%, although I have no idea where one could possibly find it in print. :smug:

Mexitron - 12-28-2007 at 05:29 PM

Beer prices going up in UK too--higher grain and hop costs due to more land being used for biofuels, apparently.

DENNIS - 12-28-2007 at 07:00 PM

I think I'll start making my own.

fdt - 12-28-2007 at 07:04 PM

Quote:

Originally posted by DENNIS
I think I'll start making my own.

DENNIS - 12-28-2007 at 07:43 PM

Quote:

Originally posted by elgatoloco

Rumor has it he paid $390 mil for his 3.5%, although I have no idea where one could possibly find it in print. :smug:

Although I truly enjoy creative sarcasm, I was only pointing out a detail missing in the article above.

Al G - 12-28-2007 at 08:30 PM

$700.00 to setup and $30-$35 for 5 gallons....The woest thing is you have to wait 2-3 weeks...

bajadock - 12-29-2007 at 11:06 AM

I'm stocking up before price increase. My evidence in my post this morning, not wanting to hijack yours, Al G. Is this plot to increase beer prices something that the new Rosarito detectives can investigate?

gnukid - 12-29-2007 at 11:18 AM

Quote:

Originally posted by Al G
Pacifico was 160mn to 180mn last year what is it now?
It is about 22.00 here now on sale...but you get robbed for $1.20 by California too...

Pacifico is $156mn/24 case of medias or 7.5/per single on average here on the east cape, ballenas are 13-15mn/per. Of course only girls drink medias, men drink ballenas. Har har har

Time to head out to the beach and build up an appetite!

capt. mike - 12-29-2007 at 12:16 PM

heck, 24 pacificos here at pancho's is only $13 us with old bottles - such a deal!
too cold to drink them now tho............its brandy and vin WX.

Al G - 12-29-2007 at 12:26 PM

Quote:

Originally posted by bajadock
I'm stocking up before price increase. My evidence in my post this morning, not wanting to hijack yours, Al G. Is this plot to increase beer prices something that the new Rosarito detectives can investigate?

Oh yeah....but they will need their guns back...the beer cartels are mean,

Al G - 12-29-2007 at 12:53 PM

Quote:

Originally posted by capt. mike
heck, 24 pacificos here at pancho's is only $13 us with old bottles - such a deal!
too cold to drink them now tho............its brandy and vin WX.

My quoted prices were in Todos Santos...you know, Pueblo Magico :lol:

I guess I will need to live in Mulege...you know you must follow your.....taste buds and I am cheap. :lol:

What do ya mean too cold...just don't put them in the fridge :lol:

BTW gnukid...that person is getting saltwater in his bellena... :biggrin:

CaboRon - 1-2-2008 at 09:58 AM

Quote:

Originally posted by Al G

Quote:

Originally posted by capt. mike
heck, 24 pacificos here at pancho's is only $13 us with old bottles - such a deal!
too cold to drink them now tho............its brandy and vin WX.

My quoted prices were in Todos Santos...you know, Pueblo Magico :lol:

I guess I will need to live in Mulege...you know you must follow your.....taste buds and I am cheap. :lol:

What do ya mean too cold...just don't put them in the fridge :lol:

BTW gnukid...that person is getting saltwater in his bellena... :biggrin:

The price was already up in La Paz on Saturday and then they wouldn´t give me my deposit money back.... said the seventy peso deposit wasonly good for three days.... who drinks a case of ballenas in three days? So I kept my empties and I guess will bring them with me to Todos Santos when I move there in two weeks.

CaboRon

Was that store named Pancho´s....?

I can solve your problem

BMG - 1-2-2008 at 10:20 AM

Quote:

Originally posted by CaboRon
who drinks a case of ballenas in three days?

Invite me over. I'm sure we can empty that case within the 3 day time period!