Coffee Prices Continue to Fall as a Result of Increased Supply -- ICO Raises 2011/2012 Production Estimate
The Paragon Report Provides Stock Research on Starbucks and Caribou Coffee
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/11/12 -- Coffee prices have fallen sharply in 2012 as a result of increased production. The International Coffee Organization recently raised their 2011/2012 global coffee production estimate. "This revision is mostly attributable to better-than-expected levels of production in Vietnam, which is now estimated at 21 million bags, up 7.9 percent," the ICO said. The Paragon Report examines investing opportunities in the Coffee Industry and provides equity research on Starbucks Corporation (NASDAQ: SBUX) and Caribou Coffee Company, Inc. (NASDAQ: CBOU).
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The ICO now forecasts global production to total 132.7 million bags for the 2011/2012 season compared to last month's estimate of 131.4 million bags and 134.3 million bags a year prior. Recent data from the ICO has shown that coffee consumption last year grew by 0.5 percent to 137.9 million bags, which was below the 10-year average of 2.3 percent. Coffee demand in producing nations grew by 3.3 percent while demand in emerging markets fell by 2 percent according ICO data.
The Paragon Report releases regular market updates on the Coffee Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Starbucks earlier this month signed a $25 million partnership with Square Inc., a provider of credit card readers for mobile devices, to their credit and debit transactions. "Both Starbucks and Square take a similar approach when building products and running our businesses, and together we can bring the best possible payment experience to Starbucks customers," said Starbucks Chairman, President and CEO Howard Schultz. Shares of the company have gained over 13 percent in the last month.
Caribou Coffee Company is one of the leading branded coffee companies in the United States, with a compelling multi-channel approach to their customers. The company last month announced that they have entered into a partnership with supermarket chain Jewel-Osco. The supermarket chain has over 150 stores across the U.S.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 11.09.2012 - 12:20 Uhr
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