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geemong · Super member Geregistreerd op: 01 Feb 2021 Berichten: 45

US coffee roasters weigh price increases, cite shipping inflation

Coffee processors in สล็อตออนไลน์ the United States, the world's largest consumer of the beverage, are reporting significant cost increases
in their operations, mostly related to transportation, and expect to raise retail prices soon.

Mid-sized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger
companies such as Peet's and JM Smucker Co say they are coping with higher costs.

Other U.S. business sectors also face shipping inflation. Market intelligence provider S&P Global Platts reported that freight may have
added nearly US$10 billion to corporate costs on U.S. inbound routes in the fourth quarter of 2020, a bill that could grow.

Last week, transportation backlogs helped push coffee prices to their highest in more than a year.

"We're currently signing contracts for delivery in the summer and fall, and those prices have gone up quite a bit, about 15per cent
increases on everything," said Oliver Stormshak, chief executive at Olympia Coffee Roasting, based in Olympia, Washington.

"I'm trying to decide right now whether we eat the costs or restructure our pricing and raise it", he added.