Food's In Dire Straights
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by Mickale
Over the past few days the food market has fluctuated massively - Especially Q2. Yesterday, the price for Q2 food was 1.6 pounds. Today it has reached 1.15 pounds and it is continuing to fall.
This trend is disasterous for companies. Profits have been stagnated and some companies are going into deficit. Wages for manufacturing lag far behind wages for raw materials as always, but now the gap widens. Food companies are the only service that provide us with what we NEE😨
Food (obviously). So if the food companies go out of business who suffers? Everyone! We can't rely on the govenrment (or TUP free-food programs) to feed EVERYONE. Something needs to be done about this deflated economy and quick before companies start dropping like flies. We need educated CEO's, not the 10 year olds who sell q1 food for 20 pounds to fix this.
I have lead the initiative to band companies together in the UKFTU (UK food Trade Union) and I currently have 2 companies involved. WE NEED MORE. I personally BEG companies to join so we can agree on minimum prices in order to keep us all afloat and insure best quality service to the public.
I just hope we can stop this, or the big orgs with like 4 companies will be the only ones left standing, having a monopoly and being able to charge whatever they like for food.
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Have you put out an advert for General Managers or sent messages to the orgs which own these companies?
Also have you discussed it with the Minister of Economics?
He's sent out messages to most of the GM's of companies but no I don't think he's contacted the Minister of Economics. (My company has indeed been effected by such crazy price dives)
When the admins introduced the new hospital rule, there was a MASSIVE increase in food & house companies, everyone trying to get their share of the pie. Now that the market is getting oversaturated, this the price that has to be paid.
So for those companies who blindly jumped in without any (long term) plan, I really can't feel sorry for them.
This man is doing a noble thing which is more than all those who can afford to lose profits for a few days or a couple of weeks have done. However, you should contact the Minister of Economics, it would not be a good idea to get on the wrong side of the Governing body.
Best of luck!
q5 food is crashing as well and you can hardly blame that on a massive increase in the number of companies.
'Massive' might have been a wrong use of words, but it's obvious there has been a signicant larger increase in supply than demand. But the biggest problem is the stagnating number of active players. With no constant influx of new players (baby booms), these things are doomed to happen.
Well in this case I beleive we should stop government food programs because they're hurting more people than they're helping now. Food prices have never been so low in the near past and it's not so much new companies who don't look to the future as those would be the Q1 companies, not Q2, 3, 4, and 5.
Wow I just looked on the food market and FB had over 980 units of q2 food - The big problem here is that there are companies who stockpile all their food then unleash it upon the market all at once, driving food prices into nothing. How can anyone compete with 990 units of food!?!?
Prices in eRepublik will always fluctuate. It's a pure supply and demand system. Nothing can really be done except wait for a better situation.
Nationalise...
theres a solution
The govenment food programs are actually making the problem worse! Q1 food companies can't compete with free food - no, what we need to do is organise the current comapnies into 1 large union, outside government control.
The Government doesn't do food programs, but if they did - they'd be the best food programs in the world.
Also lower price food = good 😃😨😨😨😨D
dont companys in real life get into trouble for coming together and fixing a market price. I think we should be very darwinian about this survival of the fittest and all that
No, diamond companies all over the world do that, besides governments are after MONOPOLIES (Which this "survival of the fittest" will create.)
@Mr Woldy - I'm glad you've invested your time to read this article, but TUP does indeed give away free food, adding slightly to the downfall of the Q1 food sector.
im just a normal player who buys q4 food bu would it help if i paid more for it?