date:Aug 22, 2013
s, which peaked in price at about $3 per lb in 2011.
Green coffee costs have retreated from their record highs of two years ago, and arabica coffee futures have traded in the range of $1.15 to $1.35 over the last several months, Mr. Byrd said in the conference call. While this has lowered our overall coffee costs, at this point they have not declined to a level at which we would implement a list price decline. Instead, we will use other pricing strategies to pass along the benefits of the lower