Coffee prices have risen about 43% in the last three months. This is a 13 year high for the delectable bean.
Coffee for December delivery settled up 2.25 cents at $1.9455 a pound Wednesday after hitting $1.9865 per pound earlier in the day. Trading volume was light, which can exaggerate price movements, according to the Associated Press.
Many people are finding a retail price increase due to the soaring prices of coffee. Some of the brands that have reflected the increase in their retail pricing are owned by the JM Smucker Company including Millstone, Foldgers, Foldgers Gourmet Selections and Dunkin’ Donuts. K-Cup Portion Packs, sold by Green Mountain Coffee Roasters for the Keurig Single-Cup brewing system, are set to rise in price by 10% to 15% next month.
Deb Trevino, spokesperson for Starbucks, insists that their prices will not be affected by the rising price of coffee. The company intends to absorb the extra cost, instead of passing it on to the consumer.
This week’s rally appears to be largely due to speculative trading because fears have eased about weather and supply issues, said Spencer Patton, founder and chief investment officer for hedge fund Steel Vine Investments LLC.
Gymnocladus Dioicus, also known as the Kentucky Coffee Tree, has been deemed suitable for urban planting. The plant got its local name when early Ky Settlers noticed that the seeds of the tree resembled coffee and roasted them for that purpose. The “coffee”, when drank in large quantities, was poisonous to its consumer.
The Ky Coffee tree is resistant to all sorts of adversities, including drought, pollution, road salt, diseases and insects. On top of that, it is a beautiful tree for landscaping. They are already being used as decoration along streets in many states in the US. The tree was once the KY State Tree. To find out more about this tree, please visit www.theleafchronical.com
Zaget’s has made its pick as to who is number one when it comes to fast food coffee. No surprise, Starbucks is the winner, beating McDonalds and their McCafe’s. As you already know, McDonald’s was hoping for the top spot. It was not to be. However, YouGov’s BrandIndex shows that McDonald’s and Dunkin’ Donuts both beat out Starbucks in terms of perceived value.
In response Starbucks is pitching a new campaign to celebrate their ranking. The ad campaign is straight forward stating simply “Zagat says we’re the country’s No. 1 best coffee. Actually, you said it, but Zagat repeated it (which is nice)” They are also planning to appear at least once on MSNBC’s Morning Joe.
Starbucks, which posted its first-ever fiscal loss in August 2008 and has financially struggled since, continued slumping in the second quarter of its fiscal year 2009. The company reported consolidated net revenues of $2.3 billion, a 7.6% decrease from Q2 2008.
The owner of the Grand View Coffee shop, which was destroyed by an arsonist last week, plans to have his waitresses, clothed, in the parking lot of the once hot establishment, taking up donations in an effort to raise money to rebuild. They will give out free coffee and donuts. The coffee shop, which is located in Vassalboro, Ma., had no insurance on the building or equipment. Reportedly, the fire was set just hours after the owner discussed making the coffee shop more like a strip club with local officials.
Mountain Mudd has increased security after suffering a string of robberies at their coffee kiosks in Billings, Montanna . Four robberies have occurred between April 25th and May 11th. The robberies have all occurred the same way; the kiosk baristas are approach, a demand for money is made and then the perpetrator flees on foot. In an effort to put a stop to these robberies Mountain Mudd has hired security personnel and set up surveillance cameras.
Would you like decaf? How about an uncaffinated coffee plant? A new caffeine free coffee plant from Camaroon, has been named one of 10 top new species for 2008.
To read more about the top new species please visit the link below.
The Chicago Tribune has reported that Bunn-O-Matic,d Corp. has recalled 35,600 of their Single-Cup Pod Brewers because there is a potential burn hazard associated with them. Although the recall was voluntary, it was done after the US Consumer Products Safety Commission disclosed that they had received 10 reports of the coffee brewer coming open during the brewing process,resulting in one customer suffering minor burns.
If you think you may be affected by this recall, please contact Bunn at 1 (800) 741-3405 or visit their website at www.bunn.com
To go along with my recent post More Coffee Health Benfits to Ponder I have this to add…
This morning on my local news in NW Arkansas on KNWA channels 24/51, they mentioned the research showing coffee drinkers both old and new have a 60% less chance of developing type 2 Diabetes. Argueably, the do not know what it is in the coffee that accomplishes this good deed, but they are agreeing that it is happening.
Alcohol involved in aid of boosting one’s memory?
Also in the news, research in lab rats are showing that the equivalent of 2 drinks of alcohol only in human size quantities, a day is enabling the mice to remember more. They feel the same should happen in human beings who drink about two alcoholic drinks per day, including beer. Well….. let’s promote drinking here. Of course, I’d drink a couple a day if it would help make remember things.