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Topic - J.M. Smucker Co.

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  • Economy Briefs

    The number of people applying for unemployment benefits fell last week to the lowest level since early April, a sign that layoffs are easing and hiring may pick up.

  • Coffee prices set for another boost

    Coffee drinkers will soon be getting another jolt at the supermarket: The company that sells Folgers and packaged Dunkin' Donuts coffees has announced its second double-digit price increase this year.

  • VERSACE: Raw materials cost more; therefore ...

    Earlier this week, Starbucks Corp. announced that it plans to charge more for large-sized and labor-intensive drinks because of surging prices for coffee and other commodities. The spot price, which is the price quoted for immediate payment and delivery, for a pound of Colombian coffee rose to $2.43 this week, up 32 percent from $1.84 this time last year. Other closely watched coffee crops, such as the one in Brazil, also have seen a strong move higher in their respective spot prices. All in all, coffee prices are at the highest level since 1998 per data from the International Coffee Organization.

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