Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
A personal tragedy...an insidious plot
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
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
HotSchott
Nomad
Posts: 156
Registered: 9-4-2003
Location: Sandy Eggo
Member Is Offline
|
|
BWAAAAAAAA
|
|
|
DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
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
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
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...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
elgatoloco
Ultra Nomad
Posts: 4332
Registered: 11-19-2002
Location: Yes
Member Is Offline
|
|
| 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.   
MAGA
Making Attorneys Get Attorneys
|
|
|
Mexitron
Ultra Nomad
Posts: 3397
Registered: 9-21-2003
Location: Fort Worth, Texas
Member Is Offline
Mood: Happy!
|
|
Beer prices going up in UK too--higher grain and hop costs due to more land being used for biofuels, apparently.
|
|
|
DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
I think I'll start making my own.
|
|
|
fdt
Ultra Nomad
Posts: 4059
Registered: 9-7-2003
Location: Tijuana, Baja California
Member Is Offline
Mood: Yeah, what if it all goes right
|
|
| Quote: | Originally posted by DENNIS
I think I'll start making my own. |
A well informed Baja California traveler is a smart Baja California traveler!
|
|
|
DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
| 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. |
Although I truly enjoy creative sarcasm, I was only pointing out a detail missing in the article above.
|
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
$700.00 to setup and $30-$35 for 5 gallons....The woest thing is you have to wait 2-3 weeks...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
bajadock
Super Nomad
Posts: 1219
Registered: 12-20-2006
Location: Punta sur de \'Nada
Member Is Offline
|
|
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
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
Member Is Offline
|
|
| 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
Elite Nomad
Posts: 8085
Registered: 11-26-2002
Location: Bat Cave
Member Is Offline
Mood: Sling time!
|
|
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.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
| 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,
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
Al G
Ultra Nomad
Posts: 2647
Registered: 12-19-2004
Location: Todos Santos/Full time for now...
Member Is Offline
Mood: Wondering what is next???
|
|
| 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
I guess I will need to live in Mulege...you know you must follow your.....taste buds and I am cheap.
What do ya mean too cold...just don't put them in the fridge
BTW gnukid...that person is getting saltwater in his bellena...
Albert G
Remember, if you haven\'t got a smile on your face and laughter in your heart, then you are just a sour old fart!....
The most precious thing we have is life, yet it has absolutely no trade-in value.
|
|
|
CaboRon
Ultra Nomad
Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
Member Is Offline
Mood: Peacefull
|
|
| 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
I guess I will need to live in Mulege...you know you must follow your.....taste buds and I am cheap.
What do ya mean too cold...just don't put them in the fridge
BTW gnukid...that person is getting saltwater in his bellena...
|
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....?
|
|
|
BMG
Super Nomad
Posts: 1776
Registered: 6-10-2007
Location: La Paz / Bahia Asunci�n / Away from home
Member Is Offline
|
|
I can solve your problem
| 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!
I think the world is run by C- students.
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
