Coffee Retailers are Raising Prices 10% due to the Rising Bean Costs.

Starbucks and J.M. Smucker, who owns Dunkin’ Donuts and Folgers are planning on raising the coffee prices 10% in their retail stores. The demand for different types of coffee beans and the poor growing rate are a combination of the rising cost of the coffee beans being imported to the US. The US depends on Brazil to come up with the crop that other countries lack, but harvests have been weak in other coffee producing nations such as Mexico, Kenya and Colombia. Colombia, one of the leading coffee producers, has suffered its third disappointing crop, contributing to one of the major factors that raise the prices on the beans.
Full article below:
http://chicagobreakingbusiness.com/2011/02/weak-crops-push-coffee-prices-to-14-year-high.html
(Dana Patti)

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About internalmarket

This blog and its accompanying Twitter account have been established as social media learning tools for the Internal Communications and Employee Engagement class at Columbia College Chicago. Through this blog, we will share our observations about current events, change management and employee communications theory, and the application of social media in shaping employee engagement.
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