QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




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:
  • Startup Applies AI To Improving Coffee Supply Chain Transparency
  • World Coffee Producers Forum Seeks To Sustain Agricultural Sector
  • Royal Cup And Partner Clients Donate $70,000 To Neverthirst From Roar Coffee Sales
  • National Coffee Becomes U.S. Commercial Rep For Lavit Cold Beverage Systems
  • Max By Maxwell House Lets Drinkers Choose Caffeine Level

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570