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Question: Should product/food prices be more realistic ?? (Little Upsilon)
Topics: General: Question: Should product/food prices be more realistic ?? (Little Upsilon)

spartacus303 (Little Upsilon)

 Saturday, January 16, 2010 - 05:39 pm Click here to edit this post
Example:

Cocoa

Simcountry LU base price: 450
LU market price: 290
Real life market price: 3400

source:
New York's March cocoa contract rose $8 to close at $3,400 per tonne.
http://www.forexpros.com/news/general-news/softs-sugar-and-coffee-sag,-us-cocoa-at-4-mth-top-113342


Sugar


Simcountry LU base price: 160
LU market price: 157
Real life market price: 723.60

London benchmark March white sugar futures retreated $8.20 to end at $723.60 per tonne.
(same source)


Coffee

Simcountry LU base price: 1220
LU market price: 1922
Real life market price: 1375

London's March robusta coffee futures fell $21 to finish at $1,375 per tonne
(same source)


As you can see, except for the coffee market which is relatively realistic, the cocoa and sugar base/market prices are way off. In the case of cocoa the difference is 10x and sugar 5x

I am not suggesting that simcountry prices should follow real-life prices in real-time, that would probably not be possible, I realize that.

What I am suggesting is a price adjustment in the base price.

Laguna

 Saturday, January 16, 2010 - 05:42 pm Click here to edit this post
Try to guess what I'm thinking.

Green Starfish (Little Upsilon)

 Saturday, January 16, 2010 - 08:11 pm Click here to edit this post
What's the exchange rate from US $ to SC $?

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