April 20, 2000 |
As the lowest coffee prices in seven years begin trickling down to supermarket shelves, the world coffee cartel is threatening to withhold beans from the market to force prices back up. Better than expected Brazilian crops and a record harvest in Mexico are blamed for a glut that has pushed the world price of unroasted beans down to 67.7 cents per pound, the lowest composite price calculated by the London-based International Coffee Organization since November 1993.
August 7, 1999 |
Procter & Gamble Co. said it will cut the price of its Folgers brand coffee for the first time in more than a year to reflect lower prices for raw beans. Industry analysts said they expect other coffee roasters to match the cuts. P&G said the recommended retail price for Folgers regular ground, the nation's best-selling coffee brand, will fall by 10 cents to $2.20 for a 13-ounce can effective Sept. 13. A 13-ounce can of decaffeinated coffee will also fall by 10 cents, to $2.90.
CALIFORNIA | LOCAL
July 25, 1995
In the old days, college students rallied to fight wars and protest apartheid. But in this cappuccino-conscious culture, a new cause has unleashed the passions of students at Cal State Dominguez Hills: the threatened closure of the popular campus coffee bar called Espresso Yourself. In David and Goliath fashion, the independent coffee bar is fighting to retain a toehold on the Carson campus where most food service is newly controlled by a large management firm.
February 29, 2008 |
The price of coffee surged Thursday, hitting its highest level in a decade, as continuing weakness in the dollar kept many commodity markets in rally mode. Coffee futures for May delivery rose 3.4 cents, or 2.1%, to $1.675 a pound in New York. Earlier in the day, the beans traded at $1.68, the highest price for a most actively traded contract since February 1998. Coffee is up 41% in the last year.
April 13, 1989 |
Making coffee and tea are old arts. But it's amazing how they have gotten lost through the years. There is a right way and a wrong way to brew each, and unfortunately they are not the same. While very hot--but not boiling--water should be used for coffee, boiling water is best for tea. That's for starters. Coffee: Brewing the perfect cup of coffee requires the perfect water temperature and the perfect amount of coffee, which requires adjustments for personal taste. The water should be 195 to 205 degrees (cooler would not be hot enough to extract the flavor of the grind; warmer would be boiling and cut off the oxygen)
January 8, 2008 |
McDonald's Corp., the world's biggest restaurant chain, plans to add specialty coffee counters in as many as 14,000 U.S. stores in coming years to serve frappes, lattes and cappuccinos, the company said. Remodeling restaurants and adding equipment to prepare the beverages will cost as much as $100,000 per restaurant, but sales are expected to add $1 billion to annual revenue, the company said. McDonald's increased U.S. coffee sales by 39% in the first nine months of 2007 after introducing a stronger blend in 2006 to compete with Starbucks Corp.
December 9, 1989 |
Hills Bros., the nation's third-largest coffee seller, said Friday that it will suspend for 30 days the signing of contracts to buy coffee from El Salvador, giving momentum to an economic boycott of that war-torn country. The company announced that it will refrain from new purchase commitments in El Salvador "while it studies the political situation" there, a reference to the civil war in which rebels are fighting to overthrow the U.S.
June 28, 1994 |
A surprise weekend cold snap in Brazil sent prices of coffee futures skyrocketing to their highest level in more than five years Monday on New York's Coffee, Sugar and Cocoa Exchange. Brazil may have lost up to 5 million bags, or about 20%, of next year's crop, said Hercilio Amaral, a spokesman for the country's National Coffee Council, after the close of trading. But he said that was a preliminary estimate.
April 29, 2000 |
The Assn. of Coffee Producing Countries met in Mexico City with nonaligned Latin American producers to try to gather support for a scheme to withhold up to 15% of world exports from the market to push prices up from current depressed levels. Dominated by Brazil and Colombia, the cartel controls 70% of world supply but needs cooperation from nonmembers Mexico, Guatemala and Vietnam for such a plan to stick, observers say.
December 23, 1989
My husband and I are longtime subscribers to the Orange County Philharmonic Society. We were disappointed when the philharmonic moved to the Orange County Performing Arts Center and began scheduling performances on weeknights. But we have since adjusted to that. However, there is one thing to which we have not adjusted: On concert nights we rush home from the office, have a quick supper and go off to the symphony. Frankly, we're tired and we often have to fight the urge to doze.