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coffee gourmet roasters Guide
coffee gourmet roasters
Three major US roasters hike coffee prices
NEW YORK - Three major U.S. roasters this week hiked prices on well-known roast and ground coffee brands, including Maxwell House and Folgers, citing a steady rise in green arabica bean prices. Procter & Gamble, the largest U.S. roaster, set the trend on Wednesday when it raised its suggested retail price for Folgers roast and ground coffee by 4 percent, or up 10 cents per 11.5-ounce and 13-ounce equivalent small-sized canister. The company also increased its Folgers gourmet selections by 20 cents per 11.5-ounce equivalent, a 5 percent increase, with the increases effective immediately. "This price move is reflecting the sustained green coffee price increase for arabica beans on the New York arabica 'C' market," P&G spokesman Lars Atorf had said. Arabica coffee futures contracts are traded on the New York Board of Trade, and the "C" market, also called the "C" contract, is the spot month contract.
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