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Some coffee prices dropping
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Posted On: Oct 23, 2008 (12:19:56)
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"Kraft Lowers Some Coffee List Prices," October 23, 2008. Reuters. "NEW YORK, Oct 22 - Kraft Foods Inc <KFT.N> decreased its list price for Maxwell House and Yuban roast and ground coffees by 10 cents per lb equivalent, effective immediately, a company spokeswoman said on Wednesday. The drop was due to lower green coffee prices, spokeswoman Bridget MacConnell said. The company also lowered the list price for its instant coffees by 3 cents per ounce, excluding the General Foods International line of flavored soluble coffee and tea, MacConnell said. The price change follows Procter and Gamble's <PG.N> drop in list prices of its Folgers Ground and Instant coffees on Oct. 17. It is the fourth round of price adjustments by major U.S. roasters in 2008, a volatile year for coffee futures contracts..."
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