July 1, 1989 |
An international agreement that stabilizes world coffee prices could fall apart at last ditch talks Monday, leaving the commodity at the mercy of a free market in which prices are likely to tumble. Low prices would squeeze debt-laden Third World producers but might eventually mean a cut in supermarket prices for coffee drinkers, traders said.
May 15, 1997 |
Coffee futures closed at their highest price in 11 years Wednesday as speculators and panicky commercial coffee firms continued to buy on worries about tight supplies now and later this year. At the Coffee Sugar and Cocoa Exchange in New York, coffee for May delivery rose to a new life-of-contract high of 270.00 cents a pound and closed up half a cent at 261.50 cents, the highest closing price since March 1986.
March 15, 2005 |
Kraft Foods Inc. said it had increased the price of its Maxwell House roast and ground coffee by 12% for a 13-ounce can to cover rising raw material costs. On Friday, Procter & Gamble Co. boosted prices for its Folgers ground coffee, also citing the need to cover the higher cost of green, or unroasted, coffee beans. The suggested list price of the Maxwell House 13-ounce can was raised Saturday from $2.29 to $2.57. Retailers determine the prices charged at stores.
March 25, 2002 |
Reporting on a study that spanned three decades, researchers said Sunday that drinking an average of two cups of coffee per day is not likely to play a significant role in causing high blood pressure. "Over many years of follow-up, coffee drinking is associated with small increases in blood pressure but appears to play a small role in the development of hypertension," said the report from Johns Hopkins University.
June 19, 2006 |
Drinking coffee cuts the risk of cirrhosis of the liver from alcohol by 22% per cup each day, researchers reported last Monday in the Archives of Internal Medicine. But they stopped short of saying doctors should prescribe coffee for that reason. The cause of the protective effect is not clear, said the authors, who are with the Kaiser Permanente Medical Care Program in Oakland. But they noted that "coffee is a complex substance with many potentially biologically active ingredients."
December 26, 1988 |
Get ready to swallow an increase in coffee prices. Poor growing and harvesting conditions have pushed prices for green, unroasted coffee beans to their highest levels in two years, and roasters say they'll pass their higher costs along by raising prices about 30 cents a pound. Procter & Gamble Co., the second-largest U.S. coffee roaster behind Philip Morris Cos.' General Foods division, said last week that it would raise wholesale prices of its ground roasted coffees by 30 cents a pound on Jan.
August 28, 1991 |
Alarmed by a slide in prices that has battered growers and hurt smaller economies, the world's leading coffee producers plan to keep some supplies from the market to force prices higher. Inspired by Colombia, the world's biggest coffee exporter last year, the retention plan has won the support of Brazil and four Central American nations, setting coffee markets on edge.
December 4, 1999 |
Procter & Gamble Co. will raise the price of a 13-ounce can of its Folgers coffee by 30 cents, the first increase in more than two years, because of the higher cost of raw beans. The increase, effective Monday, will bring the price of Folgers regular ground coffee to $2.50 a can and decaffeinated coffee to $3.20. That's close to prices in August 1998, before two reductions. Coffee futures have soared 77% from a five-year low on Oct.
January 12, 2004 |
It's too soon to prescribe coffee as a health tonic, but researchers have found that downing half a dozen cups a day appears to lower the chances of developing Type 2 diabetes. When compared with coffee abstainers, men who consumed six or more cups of caffeinated coffee daily reduced their risk of developing adult onset diabetes by 50%. Among women, the reduction was 30%. Even decaffeinated coffee reduced risk about 20%, said senior study author Dr. Frank B.
January 19, 1999 |
In mid-1998, Kelly Jeffrey's world was in turmoil as she fought to keep her tiny business alive. Managers at the UCI Medical Center in Orange had notified her that her gourmet coffee cart was no longer welcome and that she was being evicted. But Jeffrey fought back, saying she was being unfairly ousted by managers bowing to pressure from a giant food vendor. And she won. These days, the relationship between the medical center and Jeffrey's Divi Espresso Corp. is in great shape, she says.