Market Currents
Folgers owner J.M Smucker (SJM +0.6%) trades higher as Bloomberg notes dire predictions of a...
-
Wednesday, December 14, 2011, 2:31 PM ETFolgers owner J.M Smucker (SJM +0.6%) trades higher as Bloomberg notes dire predictions of a 2012 glut for robusta coffee beans. Macquarie predicts robusta prices will fall 9% in 2012, on top of an 8% decline this year, thanks to a combo of weak macro conditions and rising production. However, prices for the arabica beans that Starbucks (SBUX) relies upon are expected to remain strong. (previously)
Other date
Latest Consumer Articles
