Rising Prices Of Green Coffee Beans Worry Naturals Retailers

As the price of Green Arabica coffee beans rose 31 percent to $1.90 per pound, achieving a 13-year high, coffee companies have begun to raise their prices. Fair trade coffee supplier Green Mountain Coffee Roasters is hiking prices by 10 to 15 percent on its K-Cup single-serving portion packs in October. Other natural product retailers say they’re not sure what the impact of the higher prices of green coffee beans. Some retailers say they are flexible enough to absorb some short-term price increases, while others indicate cost increases will be passed on to consumers. Starbucks has raised prices on some of its coffee drinks and said it could raise prices for packaged coffee sold in grocery stores.