Why are coffee prices rising in the U.S.? [CBS News]
J.M. Smucker Company (The) New (SJM)
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Source: CBS News
The cost of wholesale arabica beans — the most popular on the planet — surpassed $4 a pound for the first time this month and have doubled over the past year, running up from less than two bucks a pound in January 2024 to a record $4.30 a pound on February 13, 2025, according to futures contracts traded in New York. For consumers still grappling with high food costs, that means soaring prices in the grocery aisle. The retail price of ground coffee hit an all-time high of $7 a pound in January, up 75% from $4 in January 2020, government data shows Coffee drinkers are likely to see even steeper prices over the next three or four months, with Andrea Illy, chairman of Italian roaster and global retailer Illycaffè, recently predicting that bean prices could climb 25% this year. Unlike some products, coffee is viewed as essential by many consumers, making them more willing to pay up for their java fixes. Without a direct substitute for coffee, retailers and suppliers generally have g
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SJM
Earnings
- 11/25/25 - Miss
SJM
Sec Filings
- 11/25/25 - Form 10-Q
- 11/25/25 - Form 8-K
- 10/3/25 - Form 4
- SJM's page on the SEC website