Results 1 to 21 of 21

Thread: Theft of Green Coffee Beans

  1. #1
    Senior Member
    Join Date
    Jul 2006
    Posts
    3,498

    Theft of Green Coffee Beans

    Gene Cafe Coffee Roaster $850 - Free Beans Free Freight
    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. #2
    Senior Member
    Join Date
    Nov 2006
    Posts
    979

    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-)

  3. #3
    Sleep is overrated Thundergod's Avatar
    Join Date
    Jul 2006
    Location
    Sydney
    Posts
    10,496

    Re: Theft of Green Coffee Beans

    Sounds more like 3000 bags than 3000kg.

  4. #4
    Senior Member
    Join Date
    Jul 2006
    Posts
    3,498

    Re: Theft of Green Coffee Beans

    Quote 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...... :D :D

  5. #5
    Senior Member
    Join Date
    Apr 2006
    Posts
    1,562

    Re: Theft of Green Coffee Beans

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


  6. #6
    Senior Member
    Join Date
    Feb 2005
    Posts
    2,601

    Re: Theft of Green Coffee Beans

    The poor guy just wanted to feed his caffeine habit. :o :o

    -Robusto

  7. #7
    TC
    TC is offline
    .
    Join Date
    Oct 2004
    Location
    Melbourne
    Posts
    14,665

    Re: Theft of Green Coffee Beans

    Quote Originally Posted by robusto link=1185358710/0#5 date=1185405721
    The poor guy just wanted to feed his caffeine habit. *:o :o

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

  8. #8
    Senior Member
    Join Date
    Feb 2006
    Posts
    459

    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...

  9. #9
    Senior Member
    Join Date
    Mar 2005
    Posts
    2,165

    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.

  10. #10
    Senior Member
    Join Date
    May 2007
    Posts
    708

    Re: Theft of Green Coffee Beans

    Kopi luwak mayhaps?

  11. #11
    Senior Member fatboy_1999's Avatar
    Join Date
    Jul 2004
    Location
    Melbourne
    Posts
    2,116

    Re: Theft of Green Coffee Beans

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

  12. #12
    Senior Member
    Join Date
    Apr 2006
    Posts
    1,562

    Re: Theft of Green Coffee Beans

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

  13. #13
    Senior Member
    Join Date
    Feb 2006
    Posts
    459

    Re: Theft of Green Coffee Beans

    Quote 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.

  14. #14
    Sleep is overrated Thundergod's Avatar
    Join Date
    Jul 2006
    Location
    Sydney
    Posts
    10,496

    Re: Theft of Green Coffee Beans

    Quote 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.

  15. #15
    Senior Member Dennis's Avatar
    Join Date
    Feb 2007
    Posts
    4,512

    Re: Theft of Green Coffee Beans

    Quote Originally Posted by Thundergod link=1185358710/0#13 date=1185442300
    Quote 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!

  16. #16
    Sleep is overrated Thundergod's Avatar
    Join Date
    Jul 2006
    Location
    Sydney
    Posts
    10,496

    Re: Theft of Green Coffee Beans

    Does that mean Dennis that you agree with me thinking the reporter should have written 3000 bags?

    The OP did say "$1 million worth of coffee beans" not "$1 million worth of coffee".

  17. #17
    Senior Member
    Join Date
    Jul 2006
    Posts
    3,498

    Re: Theft of Green Coffee Beans

    The reporter (court reporter I assume) said 3 Tonne.... no mention of 3000 anythings ::)

    Twas me that said the 3000 Kg - for those more senior CS members - like me ;) - who dont know what a tonne is (having been bought up with tons)

  18. #18
    Sleep is overrated Thundergod's Avatar
    Join Date
    Jul 2006
    Location
    Sydney
    Posts
    10,496

    Re: Theft of Green Coffee Beans

    Well then it must have been Kopi Luwak at that sort of price.

  19. #19
    Senior Member
    Join Date
    May 2005
    Location
    Sydney Oz
    Posts
    503

    Re: Theft of Green Coffee Beans

    3000kg of civet poo :o

    They must have the little buggers penned up like battery hens force feeding coffee cherries.

  20. #20
    Senior Member Dennis's Avatar
    Join Date
    Feb 2007
    Posts
    4,512

    Re: Theft of Green Coffee Beans

    I just think the reporter (court or newspaper) got it wrong. I dont believe what is reported in newspapers..maybe they were reading harry potter and got befuddled. ;)

  21. #21
    Senior Member
    Join Date
    Aug 2006
    Posts
    1,588

    Re: Theft of Green Coffee Beans

    Or perhaps they did as a former sub-editor once encouraged me to do and multiply the value of any stolen item by 10, and then round up to the nearest additional nought.

    If they priced the 3000kg of beans at a roasted retail price of $30/kg that would be $90,000 which you then multiply by 10 ($900,000) and round up to $1,000,000.

    Simple really!

    Oh and no reporter Ive met is likely to think about the mass loss of the roasting process. . .



Similar Threads

  1. Green Coffee Beans
    By kratos06 in forum Home Roasting - Tips, Tricks, Ideas
    Replies: 8
    Last Post: 4 Weeks Ago, 08:19 PM
  2. Least acidic green coffee beans
    By Ramshackle in forum General Coffee Related...
    Replies: 3
    Last Post: 3rd October 2012, 09:16 AM
  3. Will rats eat green coffee beans?
    By speleomike in forum General Coffee Related...
    Replies: 9
    Last Post: 19th December 2009, 10:27 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •