[Shots]

Ah yes da oranges froze and just like the oil industry the store prices shot up overnight despite the fact store had not received any new shipments, thus they profited from oranges they bought at lower prices.:-(

[VRWCmember]

What is the replacement cost of the oranges they had in inventory? Should the stores have waited to raise prices to market price until they sold out their inventory? Then what happens to them if after they buy replacement inventory the market price comes back down?

[RetiredArmy]

Ah yes da oranges froze and just like the oil industry the store prices shot up overnight despite the fact store had not received any new shipments, thus they profited from oranges they bought at lower prices.:-(

Which is really funny. We just came from the store and they have tripled at the Wal Mart here. 1 naval orange costs 75 cents!!!!!! People are saying to hell with that and are not buying them. Which is the really funny part. Because they say, shortage, we are selling them at a higher price. And, the majority of people are saying, hell no, we are not paying that high of a price, so the oranges rot on the shelves and get thrown in the trash. So that is stupid also. It is not like gas which keeps. Oranges not purchased, spoil and rot. So, no one is going to buy the damned over priced things anyway.

[biff]

It's called inventory replacement. You sell at today's replacement cost, not yesterdays.