Replies to post #9708 on Jammin Java Corp (JAMN)

[lecorb]

National Coffee Day arrives as prices march higher
Sep 29 2016, 10:02 ET | By: Clark Schultz, SA News Editor


It's National Coffee Day in the U.S., but it's weather in Brazil and Vietnam that is the focus of the coffee industry.
Drought conditions and crop disease concerns have pushed prices higher and created some short-term supply constraints.
Indexmundi.com shows robusta coffee prices are up 18% YTD and mild arabicas prices are 16% higher.
Higher commodity prices can hit packaged coffee sellers harder than chains selling fresh coffee, although hedging activity also plays a larger factor in how individual companies shake out.
On a consumer level, don't expect any relief at Starbucks on their base coffee prices ($1.85 tall, $2.10 grande, $2.45 venti) anytime soon.
Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
ETFs: JO, CAFE.

http://seekingalpha.com/news/3211543-national-coffee-day-arrives-prices-march-higher