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Issue Date: Vol. 52, No. 6, June 2012, Posted On: 5/15/2012


J. M. Smucker Lowers Coffee Prices 6%


Emily Jed
Emily@vendingtimes.net
coffee prices, office coffee service, OCS business, vending machine business, J.M. Smuckers, Smuckers coffees, Folgers, Millstone, Café Bustelo, Dunkin’ Donuts

ORRVILLE, OH -- J.M. Smucker Co. has cut the list price of most of its packaged coffees sold in the U.S. by an average 6% to adjust for sustained declines in green coffee costs.

Smucker's packaged coffees include Folgers, Millstone and Café Bustelo, along with Dunkin’ Donuts, which is licensed to the company for sale in retail channels.

Smucker cut prices by a similar amount last August, following a 23% price hike in the previous year due to rapidly rising coffee costs.

Last week’s price for arabica beans was about $1.90 a pound, down from over $3 per pound a year ago. Robusta beans currently cost about $1.14 a pound, down 10% from last June’s five-year high of $1.26 per pound.


Topic: Coffee Service News

Articles:
  • Smucker Discontinues Millstone Coffee; Discount Coffee Acquires Remaining Stock
  • Marley Coffee Chief Warns Licensing Woes Could Put Company Out Of Business
  • EPA Releases Energy Star Standards For Commercial Coffee Brewers
  • For Millennials, The Pursuit Of Happiness At Work Means Having Purpose; Everyone Else Just Wants Control: Mars Drinks Study
  • NAMA Opens Registration For Coffee Tea & Water; Nashville Conference Will Spotlight 'Workplace Café Of Today'

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