Chicago Trib: Kraft Foods hikes coffee prices

[El Pinko]

http://www.chicagotribune.com/business/chi-080212-coffee,0,2029151.story

Kraft Foods hikes coffee prices
Maxwell House, Yuban coffee prices increase about 4 percent

By Mike Hughlett | Tribune staff reporter
4:46 PM CST, February 12, 2008
In a sign of rapidly rising foods prices, Kraft Foods said Tuesday it's raising coffee prices for the second time in four months.

Northfield-based Kraft said the retail price of its Maxwell House and Yuban coffees were boosted Tuesday by roughly 4 percent. The reason: soaring prices for green coffee, said Bridget MacConnell, a Kraft spokeswoman.

Indeed, coffee prices in London commodity markets recently hit a 10-year high on news of falling output in Vietnam, a huge exporter of the Robusta strain of coffee bean.

Retail coffee prices over the past year rose at a 6 percent clip, according to the Bureau of Labor Statistics. The increase was one of the higher coffee price spikes of the past decade.

[madrchsod]

1. bubbles rules!

a great series.....

[El Pinko]

2. Yup!

Love it!