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Coffee surges to 13-year high


Unroasted coffee(Coffea arabica) beans - Brazil

Unroasted coffee(Coffea arabica) beans - Brazil

Thu, 10/21/2010 – 07:19 EDT story from Financial Times – Financial markets newsThe price of Arabica coffee has surged above $2 a pound for the first time in 13 years, pressuring retailers to raise the cost of a cup of coffee further

  • Coffee prices jump on the back of low availability of premium Arabica from key producer Colombia after a string of disappointing crops 
  • AP – Coffee chain retailer Peet’s Coffee & Tea Inc. said Monday it will buy wholesale roaster and distributor Diedrich Coffee Inc. for $213 million in a move to enter the rapidly growing single-cup coffee market.

  • Tom Lydon submits: Coffee beans are in short supply right now and it’s injected some life into the coffee ETN as a result.

  • AP – Specialty coffee retailers, now including the nation’s biggest hamburger chain, are hoping new ad campaigns and price cuts that start this week will entice more latte lovers to take a sip.

  • [AP] – That tall frappuccino from Starbucks could soon cost a little more. Raw coffee prices have been rising, and now the world’s largest coffee chain says it will raise prices, too.

  • Is the daily indulgence of Starbucks and McDonald’s coffee replaceable? High-flying shares of Green Mountain Coffee Roasters seem to indicate so.

  • Nestlé is making a $487 million world-wide push to increase the quantity and quality of its coffee, training thousands of farmers over 10 years and providing them with new coffee trees.

  • Specialty coffee retailers, now including the nation’s biggest hamburger chain, are hoping new ad campaigns and price cuts that start this week will entice more latte lovers to take a sip.

  • With Arabica coffee prices 35% higher, Peet’s Coffee & Tea will hit up customers for more money.

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