Coffee Prices Declining

That morning cup of coffee may be a little less expensive. The maker of Folgers and Café Bustelo coffee says it’s planning a walk back on pricing because costs are looking better. Fox’s Ginny Kosola reports…

“Smuckers raised prices last year and blamed adverse weather in top coffee producing countries and tariffs which made it more expensive to import coffee beans. CEO Mark Smucker says the company has already started the process of lowering prices, because it’s seeing a moderation in the cost of green coffee, raw unroasted beans.”