Higher Bourbon Prices Are Coming.
Shanken reported today that Beam Inc. has raised prices on its bourbon brands and could take a second round of U. S. price hikes yet this year. The announcement was made by Beam North America president Bill Newlands. The Beam bourbons (Jim Beam, Maker’s Mark, Knob Creek, etc.) will probably go up the most. Newlands cited rising corn prices in the U. S. as the primary reason. Scotch, tequila, and cognac prices may also rise. Vodka probably won't (too competitive).
Nobody likes to pay more but this is another indication of the industry's robust good health, and that's good for everybody.
Re: Higher Bourbon Prices Are Coming.
Interesting relation to corn prices, but the bourbon I am buying now has not been corn for a while.
Re: Higher Bourbon Prices Are Coming.
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Originally Posted by
bgageus
Interesting relation to corn prices, but the bourbon I am buying now has not been corn for a while.
Along with many other things, we pay replacement cost. :smiley_acbt:
Re: Higher Bourbon Prices Are Coming.
Quote:
Originally Posted by
callmeox
Along with many other things, we pay replacement cost. :smiley_acbt:
On the brighter side, my bunker just became more valuable.
Re: Higher Bourbon Prices Are Coming.
Quote:
Originally Posted by
bgageus
Interesting relation to corn prices, but the bourbon I am buying now has not been corn for a while.
Remember the recent thread about LIFO (Last In First Out) accounting practices?
Re: Higher Bourbon Prices Are Coming.
Quote:
Originally Posted by
bgageus
Interesting relation to corn prices, but the bourbon I am buying now has not been corn for a while.
:confused: :confused:
Enlighten me...... How can it be bourbon if it is not more than 51% corn
Re: Higher Bourbon Prices Are Coming.
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Originally Posted by
MissinER101
:confused: :confused:
Enlighten me...... How can it be bourbon if it is not more than 51% corn
It hasn't been corn since it was transformed into alcohol, probably six to ten years ago, or more.
Re: Higher Bourbon Prices Are Coming.
Quote:
Originally Posted by
JayMonster
Remember the recent thread about LIFO (Last In First Out) accounting practices?
Except Beam is already using FIFO, so they shouldn't be seeing any additional costs from that perspective.
Re: Higher Bourbon Prices Are Coming.
Quote:
Originally Posted by
Hershmeister
Another reason to hate ethanol
Yup, just not killing food prices anymore, killing the important stuff.
