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  • Theft of Green Coffee Beans

    A MAN has been charged over a scam to obtain $1 million worth of coffee beans.

    The man is the fourth person charged in connection with the alleged theft of three tonnes of raw coffee beans.

    3000Kg worth $1M..... must be valuable greens.......

    In Bankstown court today....

    Anyone been buying "Hot" beans ;D ;D ;D ;D ;D

  • #2
    Re: Theft of Green Coffee Beans

    I wonder if that is any indication of the way they calculate drug busts. I by that logic I have $10,000 worth of beans. 8-)

    Comment


    • #3
      Re: Theft of Green Coffee Beans

      Sounds more like 3000 bags than 3000kg.

      Comment


      • #4
        Re: Theft of Green Coffee Beans

        Originally posted by Thundergod link=1185358710/0#2 date=1185369943
        Sounds more like 3000 bags than 3000kg.
        Nah.... they quoted 3 tonnes (= 3000 kg) of greens.... and even that is a lot to resell.....

        Wouldnt think there was that much money to be made in black market green coffee beans.

        And you would need one hell of a roaster......

        Comment


        • #5
          Re: Theft of Green Coffee Beans

          Unless they are costing it as a Roasted end product.. not green...??

          Comment


          • #6
            Re: Theft of Green Coffee Beans

            The poor guy just wanted to feed his caffeine habit.

            -Robusto

            Comment


            • #7
              Re: Theft of Green Coffee Beans

              Originally posted by robusto link=1185358710/0#5 date=1185405721
              The poor guy just wanted to feed his caffeine habit.  

              -Robusto
              NB Andy- keep an eye out for dodgy CSer who is now conspicuously absent in forthcoming BeanBay days

              Comment


              • #8
                Re: Theft of Green Coffee Beans

                3000kg, say 15% roasting weight loss = 2550kg.
                You need 7g to make a cup, so thats 364000 cups of coffee right there.
                At $3 a cup, thats $1.09 million by my calculations. Close enough to $1mill...

                Comment


                • #9
                  Re: Theft of Green Coffee Beans

                  Guess theres a bit of media spin there. The calcs are fine but thats based on the cost of the finished drink to which the beans contribute, which includes overheads, salaries, machine, water, etc. As greens, the beans themselves would be lucky to top $20/kg ($60k total), or $50/kg roasted ($150k total).

                  It would be like saying the one raw piece of stainless steel used to make a Pullman tamper is valued at the $79.95 of the turned finished product + handle.

                  Comment


                  • #10
                    Re: Theft of Green Coffee Beans

                    Kopi luwak mayhaps?

                    Comment


                    • #11
                      Re: Theft of Green Coffee Beans

                      3000kg of Kopi Luwak?
                      Sounds like a load of crap!

                      Comment


                      • #12
                        Re: Theft of Green Coffee Beans

                        Originally posted by fatboy link=1185358710/0#10 date=1185423024
                        3000kg of Kopi Luwak?
                        Sounds like a load of crap!
                        Really? ;D 8-)

                        Comment


                        • #13
                          Re: Theft of Green Coffee Beans

                          Originally posted by Greg Pullman link=1185358710/0#8 date=1185414605
                          Guess theres a bit of media spin there. The calcs are fine but thats based on the cost of the finished drink to which the beans contribute, which includes overheads, salaries, machine, water, etc. As greens, the beans themselves would be lucky to top $20/kg ($60k total), or $50/kg roasted ($150k total).

                          It would be like saying the one raw piece of stainless steel used to make a Pullman tamper is valued at the $79.95 of the turned finished product + handle.
                          Sure, my point was its the same reasoning they apply to drug busts: they base it on the street price, not what the smuggler will get for it.

                          Comment


                          • #14
                            Re: Theft of Green Coffee Beans

                            Originally posted by Matt King link=1185358710/0#7 date=1185409487
                            3000kg, say 15% roasting weight loss = 2550kg.
                            You need 7g to make a cup, so thats 364000 cups of coffee right there.
                            At $3 a cup, thats $1.09 million by my calculations. Close enough to $1mill...
                            When they said $1M value of green beans I assumed green wholesale prices not roasted retail prices.
                            In which case 3000 bags is right.

                            Comment


                            • #15
                              Re: Theft of Green Coffee Beans

                              Originally posted by Thundergod link=1185358710/0#13 date=1185442300
                              Originally posted by Matt King link=1185358710/0#7 date=1185409487
                              3000kg, say 15% roasting weight loss = 2550kg.
                              You need 7g to make a cup, so thats 364000 cups of coffee right there.
                              At $3 a cup, thats $1.09 million by my calculations. Close enough to $1mill...
                              When they said $1M value of green beans I assumed green wholesale prices not roasted retail prices.
                              In which case 3000 bags is right.
                              Thats a bit of a long bow - the artcile refers to $1mil of coffee beans, not extrapolating figures to $3 cups of coffee. If you insist on thinking of it that way, maybe they were going to set up their own franchise of cafes at the same time and sell the coffee there....before you know it, this heist was not $1mil, but $100mil.

                              Please! Its more likely that it was just some moron reporter who got it wrong!

                              Comment

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