Fire at Fuente Warehouse

[Capn_Jackson]

Woke up to this news today. Sad.

https://www.cigaraficionado.com/article/fire-destroys-fuente-tobacco-warehouse

 

[Boudie]

Wow, just saw an add for Opus X Fuente Fuente box of 32 for $1133. too rich for my blood but might have to look at them as an investment!

 

[MikeNice]

So in the last year, William Ventura, Plasencia, and Fuentes have lost factories or warehouses to fire. Maybe it is time to update some industry practices?

 

[Boudie]

So in the last year, William Ventura, Plasencia, and Fuentes have lost factories or warehouses to fire. Maybe it is time to update some industry practices?

You have to ask what they can do? Tobacco is a low value crop until it's rolled (or many, many years aged) so spending a lot of money for fire supression that would probably ruin the crop anyway doesn't make economic sense. Smaller warehouses might be an option but I'm curious what that would do to labor costs and how humidity control and air circulation around the curing tobacco would be affected.

 

[Nacho Daddy]

Fuente has lost several warehouses in their lives.
seems like every 12 to 15 years.

 

[MikeNice]

You have to ask what they can do? Tobacco is a low value crop until it's rolled (or many, many years aged) so spending a lot of money for fire supression that would probably ruin the crop anyway doesn't make economic sense. Smaller warehouses might be an option but I'm curious what that would do to labor costs and how humidity control and air circulation around the curing tobacco would be affected.

Plasencia said their loss was "minor" precisely because they use facilities in Nicaragua and Honduras. Those facilities are split in to smaller buildings to minimize the impact of such an event.

Maybe it just seems like there were more than usual because I'm paying more attention.

 

[CAJoe]

I guess the conspiracy theory would be to burn the bad tobacco and say you lost a bunch of good stuff so noe the prices have to increase.

 

[Boudie]

I guess the conspiracy theory would be to burn the bad tobacco and say you lost a bunch of good stuff so noe the prices have to increase.

I haven't seen where they needed a reason to increase prices in the past.

 

[Old Smokey]

Can anyone say Angels Share?

I would guess the Fuentes are properly insured. And it seems their prices have been increasing the last few years.

 

[Alwayslit]

Can anyone say Angels Share?

I would guess the Fuentes are properly insured. And it seems their prices have been increasing the last few years.

LOL, I'm sure they are getting paid on both ends.

 

[jimjim99]

For those than can recall last time this happened to fuente, did prices increase?

 

[MikeNice]

Can anyone say Angels Share?

I would guess the Fuentes are properly insured. And it seems their prices have been increasing the last few years.

With fire wouldn't it be Devil's share?

 

[MikeNice]

For those than can recall last time this happened to fuente, did prices increase?

I'm not sure how it will effect the MSRP, but expect secondary market prices to increase.