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  1. #1
    Bourbonian of the Year 2002 and Guru
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    Sep 1999
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    Chicago
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    12,375

    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.

  2. #2
    Advanced Taster
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    Houston
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    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.

  3. #3
    Trippah and Admin
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    Feb 2008
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    Northeast Ahia
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    4,514

    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by bgageus View Post
    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.
    My name is Joel Goodson. I deal in human fulfillment.
    I grossed over eight thousand dollars in one night. Time of your life, huh kid?

  4. #4
    Advanced Taster
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    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by callmeox View Post
    Along with many other things, we pay replacement cost.
    On the brighter side, my bunker just became more valuable.

  5. #5
    Connoisseur
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    Dec 2011
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    The Garden State
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    542

    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by bgageus View Post
    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?

  6. #6
    Advanced Taster
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    Sep 2010
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    Colorado Rocky Mountains
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    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by bgageus View Post
    Interesting relation to corn prices, but the bourbon I am buying now has not been corn for a while.


    Enlighten me...... How can it be bourbon if it is not more than 51% corn

  7. #7
    Bourbonian of the Year 2002 and Guru
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    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by MissinER101 View Post


    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.

  8. #8
    Advanced Taster
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    Nov 2010
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    Ohio
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    176

    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by JayMonster View Post
    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.

  9. #9
    Another reason to hate ethanol

  10. #10
    Advanced Taster
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    Jan 2009
    Location
    NJ
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    147

    Re: Higher Bourbon Prices Are Coming.

    Quote Originally Posted by Hershmeister View Post
    Another reason to hate ethanol
    Yup, just not killing food prices anymore, killing the important stuff.
    “Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime”—Lao Tzu

 

 

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