Coffee price increases percolate down to consumers

Pat Loeb, KYW Newsradio 1060

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If you need coffee to get you going in the morning, here's a jolt The price of coffee beans has hit a 34-year high and you're going to be paying for it (see related article).

Local coffee roasters say they've been able to keep prices fairly steady so far. At La Colombe near Rittenhouse square, two increases last year (as wholesale prices were climbing) amounted to just pennies per cup and that couldn't discourage customers.

Klatch Coffee Wins an Oscar, Good Food Award

Upland, California (PRWEB) January 19, 2012

Southern Californias specialty coffee roaster Klatch Coffee Inc. was awarded with a Good Food Award in the coffee category by a panel of 13 distinguished coffee experts, on Friday, January 13, 2012, during a star-studded ceremony hosted by Alice Waters at the San Francisco Ferry Building.

Nicknamed the Oscars of food, the Good Food Awards were created to honor food and drink producers who have demonstrated a commitment to building a tasty, authentic, and responsible food system that honors farmers and producers.

Criteria for entry includes exemplary flavor - sweet, clean, well developed body,...

Like one coffee drinker who said, "The incremental price that it increases is really not that big of a deal and plus, it's coffee, so it's worth it. A good cup of coffee is worth money."

Coffee drinker loyalty is actually one of the forces driving the price increase. Speculators know that no matter how high prices go, we need our coffee.

http://news.yahoo.com/blogs/philadelphia/coffee-price-increases-percolate-down-consumers-182318080.html

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