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+---- Thread: Coffee prices go up 4% (/thread-1305.html)
Coffee prices go up 4% - Twitchin Kitten - 05-19-2010
I truly hope he means "green coffee" is the raw bean and not ecologically friendly bullshit.
J.M. Smucker raises prices for Folgers, Dunkin'
(Reuters) - J.M. Smucker Company (SJM.N) said on its website it will increase the list price for the majority of its Folgers, Dunkin' Donuts, Millstone and Folgers Gourmet Selections coffees, effective Tuesday.
The price increase will be at an average of 4 percent on these products that are sold in the U.S. retail market, the company said.
The Orrville, Ohio-based company said the price hike is due to sustained increases in green coffee, fuel and packaging costs.
The second-position arabica coffee futures contract trading on ICE Futures U.S. closed at $1.3255 per lb on Monday, down 3.7 percent from the end of 2009. The contract hit its 2010 peak at $1.4870 in January.
The second-position robusta coffee futures trading on Liffe finished Monday at $1,352 per tonne, up 1.5 percent from the end of 2009.
"Prices for coffee sold in the company's other business areas are also increasing during the current fiscal quarter," the J.M. Smucker said, adding it's currently in its year-end period.
RE: Coffee prices go up 4% - Jamminitin - 05-19-2010
This is just the beginning of the green movement price hike it looks like. Everything done green costs more money, and that will be reflected in a price hike in all consumables. Higher taxes, higher prices, yay us.
RE: Coffee prices go up 4% - Twitchin Kitten - 05-19-2010
Fucking racket is what it is. Can we get them under the RICO laws?
RE: Coffee prices go up 4% - twisteroo - 05-19-2010
I might have to grow my own.
RE: Coffee prices go up 4% - LH - 05-19-2010
Damn! I grow my own vegetables, make maple syrup, grow my own weed . If I have to start growin my own coffee I wil start going by the name "Yule Gibbons" he died @ 64 yrs old from a broken heart ya know.
I'm gonna need a bigger greenhouse.
RE: Coffee prices go up 4% - Jamminitin - 05-19-2010
I thought he died from eating a pine tree.
RE: Coffee prices go up 4% - twisteroo - 05-19-2010
I've been known to grow my own tobacco....although I don't even smoke.
RE: Coffee prices go up 4% - LH - 05-19-2010
It is all very mysterious: http://en.wikipedia.org/wiki/Talk:Euell_Gibbons
RE: Coffee prices go up 4% - twisteroo - 05-20-2010
I like the eating pine sap cause the best.