Coffee drinkers face new jolt as tariffs fuel price increase

US coffee consumers are facing more price hikes due to tariffs on Brazilian shipments, the world's largest coffee producer. JM Smucker plans to raise prices this winter, following earlier increases in May and August. Arabica coffee futures have surged 30% this month as roasters pass along increased costs, impacting consumer spending and sales volumes.

from News-Economic Times https://ift.tt/4asXbKl
via IFTTT

Comments

Post a Comment

Popular posts from this blog

British PM Keir Starmer attempts post-Brexit reset with Europe visits

British Prime Minister Keir Starmer is in Germany and will visit France to focus on post-Brexit relationships. He met German Chancellor Olaf Scholz to discuss a new bilateral treaty aimed at boosting trade, defense cooperation, and tackling illegal migration. Starmer aims to rebuild vital European relationships for economic growth and joint action on pressing issues. from News-Economic Times https://ift.tt/9DARoXP via IFTTT
Read more