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Showing posts from September 26, 2010

Surging Coffee Prices Trigger Consumer Pain, Investor Gain

"The price of green coffee beans has a chance to break out to historic high prices in 2011... While I am bullish on coffee in the intermediate and long terms, I believe there is a very real possibility that we'll see a pullback in the coming days or weeks. Once that occurs, however, I would urge investors to take a really careful look at coffee as a top profit play, particularly given the demand, hoarding and weather-related catalysts - all of which are bullish for coffee prices." - Money Morning Contributing Editor Jack Barnes By Kerri Shannon Money Morning September 26, 2010 Starbucks Corp. (Nasdaq: SBUX) has announced that it will charge more for many of its drinks to compensate for surging coffee prices, which have climbed to their highest level in 13. The famous coffee chain announced Wednesday it would make "targeted price adjustments on certain beverages in certain markets," according to a press release on its Web site. Starbucks said it tried ...