Indonesian Cultured Corals are Back!

[Christopher Peters]

The bubble has popped, they will all try to hold onto the ridiculous prices for as long as it takes for one supplier to get even greedier than the others, and figure if he undercuts there prices that he can make a killing. Then the prices will go into free fall. It's only a matter of the indo coral being made available to more, and more vendors.

 

[Admann]

It will probably be like oil in the 70s. when the price gets too low, pinch the spigot to create a false shortage, for whatever reason, usually to drive up prices.

 

[joe berkman]

. Im glad that all the people put out of work due to this ban will be able to feed there children again.

 

[thewackyreefer]

Prices wont be changing and availability wont go through the roof.

People are really in for a shock if everyone thinks indo corals will all of a sudden become $50 a head or frag.

Indo knows what it's got and that's why they are starting back the way they are....

Little shops wont be able to get much of anything for any good price. There is 1 importer at the moment and all the large box stores (WWC just as an example) will be buying most of if not all the shipments and then turning around and selling at the SAME (or close to) prices that everything is selling for NOW.

They also raised the import fees a ridiculous amount. The local reef specialist shop that builds, stocks, maintains reefs is on the list of buyers and was told the new pricing and fees for importing. He told me not to hold my breath for any price reduction and in fact they way they are charging for importing it is going to make it near impossible to get much at first and be able to sell it for any less for now nor in the near future.

This is GREAT news.....HOPE THE PRICES DONT STAY WERE THEY ARE!

You're talking about WWC, so they'll double the prices, make the photos look ridiculous and people will still buy...

 

[Idoc]

Sellers have already conditioned people with the higher prices and see that people were willing to pay those ridiculous prices. The prices won't be dropping...and if they do, it will be minimal!

Sadly, reefers are to blame for the high pricing and brought this on themselves.... it's the same with equipment!

Buy/trade local within your local reef clubs!

 

[Sticker shock]

Of course prices will drop assuming adequate supply. Vendors will happily sell at a greater volume for a slightly lower margin when the supply allows for this. I started this hobby while the ban was in place and still found it crazy to spend north of $400 for a single head of a torch. I recognize there will always be some that are drawn to those items, but when the price is closer to $100 a far greater number of buyers become available, and when the supply is there it makes good business sense.

 

[mannyhernz]

Ill believe it when im dipping the maricultured acropora in my favorite dipping container...
Honestly i feel the sudden availability will make for high prices in the beginning because of all the indo starved hobbyist rushing to get some of the first shipments. Personally, im going to wait it out after the shipments land to see what prices will level out at after the influx.

 

[Bacon505]

What i dont understand is people debating over prices regardless of quality or quantity but when i see top vendor like WWC, JF coral, etc. doing flash sale on here like in thanksgiving. People still paying $25-50 a frag for a GSP and xenia. Im sure majority of you buying corals now a day is just because of the name game. Unknown green acro=$15 WWC green acro=$100 yet you’ll choose WWc price.Tell me if its not true. In a sense, it just make you feel better or proud when you tell people it came from WWC or JF coral, even if its just a GSP or xenia.
(Im using WWc and JF coral as an example and not any bad intension toward them)

 

[kichimark]

Sellers have already conditioned people with the higher prices and see that people were willing to pay those ridiculous prices. The prices won't be dropping...and if they do, it will be minimal!

Sadly, reefers are to blame for the high pricing and brought this on themselves.... it's the same with equipment!

Buy/trade local within your local reef clubs!

+1. Some of the best deals can be found with local peeps. Hell, I got a free small jawbreaker from a local guy when we were just shooting the breeze looking at his tank.

Ill believe it when im dipping the maricultured acropora in my favorite dipping container...
Honestly i feel the sudden availability will make for high prices in the beginning because of all the indo starved hobbyist rushing to get some of the first shipments. Personally, im going to wait it out after the shipments land to see what prices will level out at after the influx.

^ You sounds like a wise and patient man who has been in the hobby for a while.

 

[sghera64]

Hmm. Large investments in aquaculture facilities might take a little longer to pay off.

Supplies and coral availability should definitely improve. No matter what, it wont be less than now.

Since Indo has been shut down for so long, the "system" has already put wheels in motion to adjust (e.g. hobbiests fueling demand for coral, aquaculture, etc).

 

[EMeyer]

IMO prices will be slow to adjust.

Its worth considering the role of human decisions in this process. There isn't an algorithm determining coral prices, just vendors making decisions about prices.

At some point a vendor will decide to lower prices in order to sell higher volume. But that can only work if supply is high enough to support that many sales. It seems unlikely this will be the case at first, but there is so little transparency in the coral import industry that its hard to predict.

 

[Smarkow]

my personal reason for being concerned re prices in this hobby is that I want the hobby itself to grow, which can really only happen with a steady supply of new reefers who have a positive experience. When I started out and made mistakes, lost pieces... it was most often with cheaper maricultured pieces. I don’t know if I’d have stuck with the hobby if those first losses had been with pieces that are 3-5x price only 5 years later. I worry that new hobbyists will have a less forgiving experience during the learning curve, and that the percentage of new reefers making it beyond the one year mark will decline due to cost.
As someone with an established tank I’m really not looking for new corals actively. So prices don’t really matter right now. That will probably change in 1-2 years when I have a work move planned and will use that as an excuse to upgrade the tank.. But I do worry for the long-term health of our hobby.

 

[KrisReef]

My LFS has had an order prepared since before Christmas 2019. I’m hoping to be there when the boxes hit the shop.

Indo aquaculture coral supply has probably never been more plentiful after a year+ of ocean growth. Those farmers need to move coral to make room for future growth and to try and get some $$$ after zero income over these many long months.

What will this look like in the boxes shipped? I will be very happy to see this!

Price is going to drop from last year with the return of supply.

Pay what you want.

 

[1stNoel]

It will probably be like oil in the 70s. when the price gets too low, pinch the spigot to create a false shortage, for whatever reason, usually to drive up prices.

Yeah, I'm still waiting for gas prices to come back down to a $1/gallon...

 

[tankstudy]

Indo aquaculture coral supply has probably never been more plentiful after a year+ of ocean growth.

It's actually Indo Mariculture.

A lot of folks are confusing the two. There is a clear difference between aquaculture and mariculture. Maricultured corals are grown in the ocean, aquacultured corals are not.

 

[KrisReef]

I guess I made a booboo? Just checked out Google for the difference between Aquaculture and Mariculture.

"The difference between the two terms is that while aquaculture includes the cultivation of both freshwater and saltwater productions under controlled environments, mariculture is merely a part of aquaculture which refers to the cultivation of aquatic products in saltwater such as the open ocean, a surrounded patch of ...
Difference between aquaculture and mariculture

www.wikidifference.com › difference-between-aquaculture-and-mariculture "

So now I don't know what to believe, but I do believe that none of this dampens my excitement for mariculture fish, coral, mushrooms, zoas, clams and whatever else they have growing in the water farms in Indonesia where the government is in process of reopening their farms to export! God Bless Indonesia!

 

[Terri Caton]

Luckily I have my coral guy who will most likely charge $50 a head or less for that torch, because he knows he shipped it in at less than $25 a head. He has been in business for over 20 years, with the same mentality. He sells low, but he sells at a high volume.

And do you want to share who that is? PM me. I’ll pay for a good tip

All of this is called marketing. If you can create enough hype everyone will want it. That’s why prices will stay high.

I’m happy to see the market open up for corals that have been hard to get like softies.

 

[Anthony Scholfield]

This is cool! A video about indo aquaculture.

 

[Rie]

A little thinker,

" the price is as high as the crazy person who gives it "

 

[fishface NJ]

Luckily I have my coral guy who will most likely charge $50 a head or less for that torch, because he knows he shipped it in at less than $25 a head. He has been in business for over 20 years, with the same mentality. He sells low, but he sells at a high volume.

Please share this contact