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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:
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  • Rwanda And Mexico Are First Countries To Commit To Sustainable Coffee Challenge
  • Nespresso First To Return Cuban Coffee To U.S. After 50+ Years
  • National Coffee Association Welcomes 'Highly Significant' Coffee Health News From World Health Organization
  • Joyride Coffee Promotes Cold Brew Kegs In 'Upgrade My Office Space' Contest

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