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List of forums -> Free communication (everything except serious game talk) -> Food Prices in Jeddah

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Topic created : 14.06.2010, 00:23
MichaelNielsen
Nine years with Virtonomics
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Nielsen Group
 
Whats happening to the food prices in jeddah. Over the last few weeks everything has plumited dramtically. Breads gone from $27 down to just $14.
 
How can we change this - is it the over-supply or not enough demand?   

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14.06.2010, 02:13
globeballa
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Investors Corporation
 
Umm it could be because some companies are selling their products in their stores at much lower prices. Thats what I think since the prices are usually dictated by the shops. What you can do is sell goods for a higher price than the current market value. That may slowly increase the overall price of the item. But that may result in lower sales volume. Thats my guess though. 
'Do or do not, there is no try.' -Yoda
 
globeballa
 

14.06.2010, 16:42
Winner of the Contest for Managers in the nomination Raw Material Base Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
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My observations after looking at the bread market...
 
If local suppliers have majority market share the product is not even close to oversupply, in fact the market is shrinking because of undersupply.
 
For market growth players need a high market share (not sure exactly but upwards of 70-80%).
For prices to increase sellers need to improve their price to quality ratio. 
 

15.06.2010, 04:37

Last time edited : 15.06.2010, 04:37
MichaelNielsen
Nine years with Virtonomics
Eleven years with Virtonomics Film camera Vintage camera The tender collider, II-III places World Cuisines, VII-XV places Shagreen, IV-VI, places Standard bed-clothing Standard underwear
m:
Nielsen Group
 
how do you calculatethe price to quality ratio?
 
I tried using those scripts to help you with trading but I couldn't get it to work. 
 

15.06.2010, 12:40
JuleBCN
 
MichaelNielsen
how do you calculatethe price to quality ratio?
Good question, it’s better checking the average indices of the market, than calculating by yourself. 
 

15.06.2010, 15:24
Winner of the Contest for Managers in the nomination Raw Material Base Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
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Company 2.0
 
You do not have to be exact. A general rule of slightly higher quality = slightly higher price, much higher quality = much higher price works well enough.
The tricky part is that you need the majority of sellers to do the same. 
 

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