Consumers are bracing for impact after the company behind some of America’s most popular coffee brands announced plans to increase prices by an average of 6 percent.
Folgers, Café Bustelo and Dunkin’ Donuts coffee will all be affected by global roaster and distributor J.M. Smucker, which blamed the imminent price hikes on “sustained increases in green coffee costs“.
At the start of January, Arabica futures rose to the highest level in weeks after a major Brazilian coffee exporter down-sized expectations for Arabica and Robusta harvests for 2017. Arabica beans make up more than 70 percent of all coffee production, while Robusta beans are more commonly used in espresso and instant coffees.
Coffee Prices Rise: Will Your Business Be Affected?
Posted by lyceum under NewsFrom https://smallbiztrends.com 2811 days ago
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