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Cheaper beans may alter coffee taste in US market
Coffee prices likely stay high and quality may deteriorate as roasters use cheaper beans. Analysts note ongoing price hikes, shifting imports from Brazil and Colombia to Robusta from Ivory Coast and Indonesia, and rising concentration in the U.S. market. Congressional hearings are planned to examine prices and supply.
MENTIONED IN THIS ARTICLE
Terry Kirkpatrick
Associated Press
U.S
Congressional
Area Marketing Inc
Tradewell
Oregon
Washington
California
Folger
Merrill Lynch
Pierce, Fenner and
Smith
Brazil
Colombia
Ivory Coast
Indonesia
Fee
Ween
Joe Donovan
Donovan Coffee Co
Birmingham
Ala
Lloyd Donnelly
E. B. Miller Coffee Co
Denver