Millions of People Will Soon Be Blindsided. Will You Be One of Them?

On April 20 at 7 p.m. ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X.

Tue, April 20 at 7:00PM ET
 
 
 
 

Smuckers Cuts Folgers, Dunkin’ Coffee Prices

Coffee stocksLower coffee bean costs prompted J.M. Smucker (NYSE:SJM) to announce on Tuesday that it will cut the price of its packaged coffee brands.

Consumers can expected to see prices for Folgers and Dunkin’ Donuts branded coffees fall about 6%. The price cut came less than a year after the company lowered its coffee brand prices by a similar amount, Reuters noted.

Futures for robusta coffee beans are trading more than 20% below March 2011’s record high as coffee producers have increasingly switched away from high-priced arabica beans for brewed coffees to meet rising global demand.

Rival packaged coffee maker Kraft Foods (NASDAQ:KRFT) declined to comment to Reuters about any price response to J.M. Smucker’s move.

Earlier this month, Guatemala’s president declared a state of emergency over a fungus that has infected more than 70% of country’s coffee bean crop.

Shares of J.M. Smucker fell fractionally in Tuesday trading.


Article printed from InvestorPlace Media, https://investorplace.com/2013/02/smuckers-cuts-folgers-dunkin-coffee-prices/.

©2021 InvestorPlace Media, LLC