RE:Verde products show huge increase in published prices
15Stanmore wrote: The cheapest priced Verde product on their web site today is the basic K-Forte bulk shipment of 35 tonnes at R$17,920 which works out to be a selling price of $122.88 per tonne.
If they sold every tonne in Q3 at that lowest price (and not potentially up to the highest price at $201.84) that would still be a 140% increase in the average price per tonne over the average price in Q1 2021 ($50.19) and a 226% increase over the average price in 2020 ($37.61).
If this doubling and tripling in the average price per tonne can be sustained through Q3, the market is going to be stunned by the quarterly results. Hang on to your hats.
Stan,
I believe they have to bargain a lot on the published prices to get new customers to try k-forte. And I believe it's the right thing to do when introducing an unknown, untested product. My guesstimate for Q2 is 116,000 tonnes sold at a 30% discount to the list price.
cheers
k