The Future of Gourmet Coffee Prices -
Huge Declines in Stores
Coffee prices on the future market continue to decline and the price for coffee from the local farmers in the third world countries continue to decline even more. So why does the price of coffee in the supermarkets continue to rise. How do the retail giants continue to get away with
raising their prices? Many of the top selling gourmet coffees are approaching $10.00 per bag when the average per pound price is less than $1.50 per pound. And what's even worse is the fact the bag you are paying $10.00 for only has 12 ounces of coffee.It is now harvest time in Brazil, Columbia, Costa Rica and the rest of the Central and South America coffee countries. And do to very good conditions they are expecting huge harvests - much larger than normal. The price of gourmet coffee has steadily declined ahead of this prediction. And this past week the bottom fell out of the coffee market. In Brazil for example you can buy their finest coffee on the streets for less than $1.00 per pound. And the coffee is even more flavorful than normal. What a great year it will be for coffee.
But will the consumer see any better pricing. The larger consumer giants in the face of lessening coffee prices have consciously passed on price increases - hiding behind higher gas prices. Claiming distribution costs are through the roof the average pound of gourmet coffee has risen from $5.50 per bag to $8.50 per bag with several varieties topping $10. Now that gas has fallen by 50 percent over the past month it's time for these retail giants to pass on the savings. They are paying 30 percent less for gourmet coffee and 50 percent less for distribution - it's time to demand they lower the price. It's a great coffee harvest and we should all enjoy the bounty of this wonderful harvest.
By Boake Moore
Article Source: http://EzineArticles.com
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