Coffee Mar 23 (KC=F)
- Reuters
RPT-U.S. retail coffee prices rose as much as 50% in Q4 -report
Retail prices in the United States for roast and ground coffee, the most popular type sold, rose as much as 50% in the fourth quarter of 2022 from a year earlier, as companies tried to offset higher costs, a report said on Tuesday. Maxwell House boosted them 35% and Starbucks around 15%, the report said, as they tried to maintain revenue despite higher costs with coffee beans, labor, energy and packaging. "I have been a beverage analyst for 16 years and have never seen price increases this large," said Jim Watson, executive director, Beverages Research at RaboResearch.
- Reuters
U.S. retail coffee prices rose as much as 50% in Q4 -report
Retail prices in the United States for roast and ground coffee, the most popular type sold, rose as much as 50% in the fourth quarter of 2022 from a year earlier, as companies tried to offset higher costs, a report said on Tuesday. Maxwell House boosted them 35% and Starbucks around 15%, the report said, as they tried to maintain revenue despite higher costs with coffee beans, labor, energy and packaging. "I have been a beverage analyst for 16 years and have never seen price increases this large," said Jim Watson, executive director, Beverages Research at RaboResearch.
- SmartAsset
Why Are People Investing in Cobalt? Should I?
To investors, natural resources are known as the "commodities" market. This is a major sector of investing, with both professionals and retail investors alike putting their money into assets like coffee, steel and corn every day. Although, given the extreme … Continue reading → The post How to Invest in Cobalt appeared first on SmartAsset Blog.
