I wouldn't buy a single coral right now

[jlts21]

While I have heard it from multiple vendors as well, I'm not holding my breath. If it is lifted, sweet! But don't expect a FLOOD of indo corals to come in. Everybody and their brother are going to try and get their hands on exporters and the supply will not meet the demand (sound familiar with a piece of equipment lately?) And not to break everybody's hearts, the prices will likely not come down for at least 1-2 years (depending on the supply). Everyone has been paying $350+ a head, do you really think vendors are going to drop prices when they know people were willing to pay it before?

 

[ZoWhat]

Coral prices coming DOWN because the Indo Ban got lifted?????

 

[Infidel]

Good thing my new tank arrives tomorrow and I will be right on time after a long cycle.

 

[vanpire]

Often, people are willing pay higher prices just because it is rare. I bet there are more than a few who wouldn't even look at a gold torch if it were $50/head instead of $500+/head. Sometimes, the high prices themselves cause the increase in demand.

Current prices are based on the current demand and limited supply. If supply were to say double or triple or more which is more than likely with lifting the ban, it would be very hard to sustain current prices for more than a few quarters. I do agree with many others that the old days of $20/head are long gone, but we won't have crazy prices for Indo corals lasting for more than six months or so while the supply/demand catches up.

I too am hoping for the ban to be lifted soon.

 

[Bryce M.]

I

Often, people are willing pay higher prices just because it is rare. I bet there are more than a few who wouldn't even look at a gold torch if it were $50/head instead of $500+/head. Sometimes, the high prices themselves cause the increase in demand.

Current prices are based on the current demand and limited supply. If supply were to say double or triple or more which is more than likely with lifting the ban, it would be very hard to sustain current prices for more than a few quarters. I do agree with many others that the old days of $20/head are long gone, but we won't have crazy prices for Indo corals lasting for more than six months or so while the supply/demand catches up.

I too am hoping for the ban to be lifted soon.

I agree fully and am guilty myself.
I never pay full price but if I get a good deal of a rare coral even if its bland I'm so happy just because it's rare, even if I have a super vibrant common coral. It's how humans are

 

[Fish4udog]

Not everyone is price gauging picked up a Indio gold 1 head starting split to 2 heads for $75 & a green with blue tips 2 heads and 1 head splitting for $80

 

[DocPaulo]

As the posts say, initial approval will be farmed colonies only.. so supply will be controlled by a few big companies who have no interest in selling cheap as they need to recover survival costs from the last year and a half...

Supply will improve... prices will slowly come down.. but it wont be 50% and not for a while ...

 

[Admann]

Don't believe anything you hear and only half of what you see.

 

[eLReef]

Is there a thread about this yet? Rumor has it that Indonesia is opening back up by the end of January. Heard this through the grapevine. Great for industry, but it also means any of these Aussie corals like Holy Grails are gonna be about $50 probably by February. Thought I'd throw this up because from what I heard it's 99.9% sure. Spread the word and hopefully people stop spending a thousand dollars on Master Scolys HAHA

lol would be nice, but you will never see HG torches for $50.. even before this ban and all the hype they were selling for $500-$600 a head and scolys come from Australia btw. I doubt that we will see a sudden price drop with such demanding corals when Indonesia opens. Not until this hype moves on from euphyllias to the next hot coral.

 

[BrandonS]

As has been stated. It is not re opening. That was a hoax. The government has shown no sign of issuing health certificates. Which was the issue in the first place. Not the sities permit the prankster produced. It would be nice but once that card was played you can't just rewind

 

[sde1500]

As has been stated. It is not re opening. That was a hoax. The government has shown no sign of issuing health certificates. Which was the issue in the first place. Not the sities permit the prankster produced. It would be nice but once that card was played you can't just rewind

The below statement isn’t the Black Friday hoax.

OFI made a statement on facebook

 

[Krully]

I'd rather not have it reopen. This hobby is a luxury, we can afford to work with all the corals that are already in the trade market and perfect fragging techniques, our reefs are already dying so if we could avoid making things worse even by a small amount that would be nice.

 

[gotmesalty77]

Is there a thread about this yet? Rumor has it that Indonesia is opening back up by the end of January. Heard this through the grapevine. Great for industry, but it also means any of these Aussie corals like Holy Grails are gonna be about $50 probably by February. Thought I'd throw this up because from what I heard it's 99.9% sure. Spread the word and hopefully people stop spending a thousand dollars on Master Scolys HAHA

I've heard same. I know that big names in industry have placed orders and orders are being collected. "Smoke em if you got em" rather sell em if you want your money out of them. I mean just look at the increase in people trying to off what her have. It's going to be wild. Please!

 

[BrandonS]

Cities is not the issue however. Ill believe it when I see it. You also have to keep in mind that now the prices are high the people in the industry aren't going to let them go down very much. They collected a bunch of torches a year ago. The big guys just sat on them and controlled release. I do not see this if it is true effecting much.

Also if you want to go into it there have been shipment coming from vietnam of coral that do not grow there which is most likely indo. Illegal but this has not changed the prices either. With the closures you got consolidation. With consolidation you get more control of the market and the power to drive prices which ever way you want.

Even if they open back up you will have a situation like Australia now where the is only 5 companies able to export if not by legal reduction but by attrition as not many places are left open. This means they have more control over pricing.

 

[Fishyjoey]

I believe lifting the ban will help spread out demand and less pressure will be on the areas currently suppling the industry.

 

[AbjectMaelstroM]

Is there a thread about this yet? Rumor has it that Indonesia is opening back up by the end of January. Heard this through the grapevine. Great for industry, but it also means any of these Aussie corals like Holy Grails are gonna be about $50 probably by February. Thought I'd throw this up because from what I heard it's 99.9% sure. Spread the word and hopefully people stop spending a thousand dollars on Master Scolys HAHA

I'll believe it when I see it.

Even if it does happen, the prices aren't likely to go down much (or at all) for a while (if ever) as the supply chain picks up and the vendors try to squeeze every last dime they can out of their stock.

 

[mikeintoronto]

Starting with their cultured corals is the right move. Never made sense to shut them down, as they generate revenue, don't take from the wild, and put some of the corals they grow back towards rebuilding the reefs.

My guess is it’s too hard to police. If you can’t tell the CC from the wild, just ban them all. When it reopens this will likely be the case; wild coral will still enter the market.

 

[BrandonS]

It was a political move based around getting someone re elected

 

[X-37B]

It was a political move based around getting someone re elected

Nice. Its like the politician saying this "tax" is temporary. Right! That never happens. If it reopens the prices might readjust but not as much as people think imo.
A lfs gets shipments from Vietnam. Looks like stuff from indo. Prices are less but still up there for most.
Time and demand, which is not going down, will determine price.

 

[andrewkw]

On a somewhat related note it looks like Fiji sofites are back