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N1N2EGT

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I heard through the grapevine that one of the "big wheels" at 104th is about to go insolvent. Their Philippine suppliers are totally uncomfortable right now. :(
 

naesco

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The demand placed on Indonesian and Philippine exporters by some US importers to lower and lower the price of fish and coral results in US receiving inferior coral and common, poor quality fish,
The best go to Canada, Europe and Japan.

It is not surprising to see some of importers in financial trouble and there will be more to come as buyers refuse to accept brown coral and cyanide caught fish.

US LFS and online stores are now learning that there are vast supplies of very colourful coral and different species of fish available at modest pricing.
 

N1N2EGT

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It all the about, how quick you cope with the ever changing business climate. Those who are slow to adapt changes will surely be left behind wondering what happened. Can you say Netscape?
 

PeterIMA

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Naesco has it partly right and partly wrong.

The pressure from US importers has forced down prices paid to collectors to the detriment of the collectors, the exporters, and ultimately to the importers themselves because fish are being caught with cyanide, are poorly handled and come in stressed etc. We have discussed this previously on RDO.

Over the past 5-10 years, conventional importers have been low-balled price-wise by trans-shippers. Trans-shipped fish that reach the east coast have high mortality. To compete, some LA-based importers are now trans-shipping fish. This means that many MO fish reaching retailers never came out of the box in LA or San Franscisco.

Now the triple whammy is that air freight costs are rising. So, fish ultimately will cost more, without any increase in prices paid to the collectors. It is a viscious cycle that contributes to the destruction of coral reefs, and to increasing poverty in the exporting counties particularly Indonesia, the Philippines, and Vietnam.

Personally, I don't have much sympathy with major importers who now may be hurting financially. Their pricing policies have helped create the problem. Cheap fish are not the answer. Reform of collection and shipping practices are needed. But, the US-based importers never have supported reform.

Peter Rubec
 

N1N2EGT

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This a good one if you're writing an obituary. But a bad analogy if you consider all the facts available out there.

Fact #1 The cost of buying fish locally on my side has dramatically increased the last few years. The middlemen, you so called during your days are mostly gone. The divers are now smart enough to designate a group leader to bring their own catch to an export buying facility. Put it in another words, the divers/collectors are getting MORE MONEY for their catch. How they handle their personal finances is another story. And I don't want to be involve with it.

Fact #2 I don't sell cheap and I have customers who are happy with me. Mostly Europeans.

Over the past 5-10 years, conventional importers have been low-balled price-wise by trans-shippers. Trans-shipped fish that reach the east coast have high mortality. To compete, some LA-based importers are now trans-shipping fish. This means that many MO fish reaching retailers never came out of the box in LA or San Franscisco.

Ever heard of the term 'free enterpise'? Hello?..


Personally, I don't have much sympathy with major importers who now may be hurting financially. Their pricing policies have helped create the problem. Cheap fish are not the answer. Reform of collection and shipping practices are needed. But, the US-based importers never have supported reform.

Isn't it this is what you've been trying to accomplish from day one, how to put fish in the bag?. Or is this another way to admit that your project is a complete failure.
 

JeremyR

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So basically you are saying the phillipine fish problems are now fixed, there is no more cyanide, and we should quit griping about things over there?
 

dizzy

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PeterIMA":zrn6x1la said:
Personally, I don't have much sympathy with major importers who now may be hurting financially. Their pricing policies have helped create the problem. Cheap fish are not the answer. Reform of collection and shipping practices are needed. But, the US-based importers never have supported reform.
Peter Rubec

Or maybe some of the wholesalers have helped put their core customer base(B&M) out of business by dropshipping for etailers. Perhaps 104th street's chickens...................... are coming home to roost.
 

N1N2EGT

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I don't think you can follow discussions. Read my lips. I'm not trying to solve a problem here. What I'm trying to say here is how things are now different than in the old days. When telegraph together with the ham radio were the main thing for communications. Let me know if you still don't understand me. I will get a better English writer so you can understand my point of view.

This thread was started for one of the 104th big guns who is now in a big hole. And it seems like one of those black holes, where nothing can escape. What some new info? It's so huge a hole that they owe over 50 grand in prepaid freight alone not counting the boxes of fishes, cyanide or not cyanide caught. :lol:
 

N1N2EGT

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Or maybe some of the wholesalers have helped put their core customer base(B&M) out of business by dropshipping for etailers. Perhaps 104th street's chickens...................... are coming home to roost.

To lay a golden egg right there at the warehouse doorsteps. :D
 

N1N2EGT

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Perhaps you can fill in some details. How did this importer get so far in debt?


So now Mr. Roger want to stick his nose in somebody else business. That goes to show that you’re just like everyone else here on the board that loves innuendos and “rumors”. Hey, rumors makes the world go ’round. And that’s the way it is.

Ok, Think about it, they do a combine shipment of 200 boxes from 4 different Philippine suppliers a week. The shipment is in prepaid format to save money on the freight. Even though Mr. Hotshot sent no money for the freight, his company still gets the shipment because he has a good reputation. It was going smooth for a while. Until reality sets in, he could not remit the freight money to pay the Manila freight broker. And if he owes 50K for the freight it’s a safe math to say that he owe another 50K more less for the fish from 4 suppliers. And that’s a whooping 100K easy.

And now for your question of how he gets himself in a big hole. Well, the Philippine supplier who handle the airbill, let him slid 3 shipments without remitting money for the freight.
 

PeterIMA

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NIN2EGT

You are the one who started this thread and provided the "rumor" that a 104th street importer was insolvent. Anyway, thanks for providing more information to clarify the situation.

Peter
 

JeremyR

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Not trying to start something... you post of "rumors" and then complain about people who are rumormongers... Pot, Kettle. What did you expect when you post things like that.. people are going to wonder who you are talking about and what the details are. If you don't like people sticking their noses in, then don't post rumors lol.
 

N1N2EGT

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PeterIMA":skz65ntb said:
NIN2EGT

You are the one who started this thread and provided the "rumor" that a 104th street importer was insolvent. Anyway, thanks for providing more information to clarify the situation.

Peter
And then you jumped in not with one but two feet. Anyways hang around for more juicy tidbits. BTW one of the four Philippine suppliers is my best Compadre and he's the one feeding me with the latest brouhaha.
 

N1N2EGT

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JeremyR":2ocytslx said:
Not trying to start something... you post of "rumors" and then complain about people who are rumormongers... Pot, Kettle. What did you expect when you post things like that.. people are going to wonder who you are talking about and what the details are. If you don't like people sticking their noses in, then don't post rumors lol.

You don't have a clue. My previous exchanges with Mr Peter he mentioned that he's not into rumor or innuendos. That's why I tried to needle him with such comment, 'sticking noses' How about you, you got anything to fan the rumor? Do you do business with those big wheels at 104th? Noitice anyone doing anything out of ordinary?.
 
A

Anonymous

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You're making yourself out to be absolutely no better. You're not trying to start something, yet you are. Plain and simple, and very easy to see.
 

N1N2EGT

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Come on, don't take this thread to nowhere. Do you do business with any of the 104th gangs? Anything unusual going on?. If you don't have anything to say, take a number and have a seat. And I'll get back to you.


You can lead a horse to water, but if you can get him to float on his back you've got something.
:D
 

Raskal311

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If your going to start this thread why not just say who it is!!! Trying to put it on the low isn’t going to make you look any "cooler" :D
 
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