{"id":2263110,"date":"2024-06-08T20:51:02","date_gmt":"2024-06-09T00:51:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/folgers-management-announces-imminent-price-increase\/"},"modified":"2024-06-08T20:56:37","modified_gmt":"2024-06-09T00:56:37","slug":"folgers-management-announces-imminent-price-increase","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/folgers-management-announces-imminent-price-increase\/","title":{"rendered":"Folgers&#8217; Management Declares Upcoming Price Hike"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffolgers-management-announces-imminent-price-increase%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2263110&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch&#8221;><i><span>    Donate with any amount, even a small amount<\/i><\/span><\/a><i><span>. You\u2019ve contributed to Western\u2063 Journalism so we\u2019re \u2064grateful for everything you can give, no matter how small or big. God bless you! Thanks for being with us, T.W. &#038; E.W.<\/span><\/i><\/p>\n<p><b><i>WJ Wire<\/i><\/b> <\/p>\n<\/p><\/div>\n<p>This article discusses the rising\u200d costs of coffee and how it will affect consumers. The J.M. Smucker Co., parent company of popular coffee brands like Folgers and Dunkin,\u2064 reported that they will be increasing\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/worlds-largest-food-company-will-raise-prices-amid-inflation\/\" title=\"World\u2019s Largest Food Company Will Raise Prices Amid Inflation\">coffee prices<\/a> due to higher green coffee costs. The CEO states that they are trying to balance recovering inflationary input costs while providing consumers with affordable options. \u200cHowever, coffee prices have \u2062already\u2063 risen\u200d by 65% since January 2021 and \u2062are expected to continue increasing due to supply issues in\u200c countries like\u2064 Brazil, Colombia, and Vietnam. The article \u2064also mentions how consumers may turn\u200b to\u200c creating their own coffee\u200c drinks \u2063at home to save money. The author \u2064also includes a \u200cnote from their deputy\u2063 managing editor \u200demphasizing the importance of the upcoming 2024 election and the need for support in their fight \u2064against corrupt elites.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/%20\"><span>Jack Davis<\/span><\/a> <\/span> <span>   June 8, 2024 at 4:28pm <\/span> <\/span>  <\/header>\n<section>\n<p>Amid the fiscal babble of an earning report, the parent company of Folgers coffee has a message coffee drinkers may find difficult to swallow.<\/p>\n<p>The J.M. Smucker Co., which sells Folgers, Caf\u00e9 Bustelo and Dunkin brand coffee, reported on the <a href=\"https:\/\/investors.jmsmucker.com\/files\/doc_financials\/2024\/q4\/The-J-M-Smucker-Co-FY24-Q4-Earnings-Prepared-Remarks.pdf\" target=\"_blank\" rel=\"noopener\">company\u2019s earning<\/a>s last week, with CEO Mark Smucker offering a sobering prediction of what was coming in terms of coffee prices.<\/p>\n<p>\u201cThe coffee category continues to experience commodity volatility and overall meaningful inflation,\u201d he said in the remarks posted online.<\/p>\n<p>\u201cIn response to recent higher green coffee costs that we will begin to incur during the first quarter, we are taking a list price increase across parts of our portfolio in early June,\u201d he said.<\/p>\n<p>In trying to say <a href=\"https:\/\/www.westernjournal.com\/bidenomics-national-burger-chain-considers-chapter-11-bankruptcy\/\" target=\"_blank\" rel=\"noopener\">the bite<\/a> won\u2019t be too bad, he added that the company seeks \u201ca balance between recovering inflationary input costs, while providing consumers with attractive options ranging from value to premium.<\/p>\n<p>\u201cWe expect the coffee category to remain resilient, despite recent inflationary pressures and volume declines, given consumers\u2019 love of daily coffee rituals and continued strength in at-home consumption,\u201d he said.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-06\/coffee-prices-heading-up-as-folgers-owner-faces-higher-costs\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> noted that \u201cfutures for robusta beans used in instant coffee have soared more than 50% this year to fresh highs as production in key grower Vietnam buckles under drought.\u201d<\/p>\n<p>Prices for the arabica coffee bean are also climbing.<\/p>\n<p>Imported <a href=\"https:\/\/www.westernjournal.com\/doom-spending-bidenomics-blame-americas-crippling-spending-obsession\/\" target=\"_blank\" rel=\"noopener\">coffee prices<\/a> have risen 65 percent January 2021, according to an article in <a href=\"https:\/\/www.foodmanufacturing.com\/supply-chain\/news\/22912020\/rising-coffee-prices-a-rude-awakening-for-us-consumers\" target=\"_blank\" rel=\"noopener\">Food Manufacturing<\/a> penned by Cobank.<\/p>\n<div id=\"firefly-poll-container\">\n<p>Has inflation grown out of control under Biden?<\/p>\n<\/p><\/div>\n<p>Consumers are now paying 20 percent more for their ground coffee than in April 2023.<\/p>\n<p>CoBank\u2019s Knowledge Exchange says that trend will continue.<\/p>\n<p>\u201cFollowing the pandemic when restaurants were closed, people have gained some experience trying to replicate their favorite dining-out experiences at home,\u201d said Billy Roberts, senior food and beverage economist for CoBank.<\/p>\n<p>\u201cIt wouldn\u2019t be surprising if, due to sharply higher coffee prices, some consumers turn to recreating their favorite coffee or espresso drinks at home with store-bought flavorings or inclusions,\u201d he said.<\/p>\n<p>With supply issues in nations such as Brazil and Colombia, as well as Vietnam, prices will <a href=\"https:\/\/www.westernjournal.com\/bidenomics-killing-american-dream-owning-home-nationwide-study\/\" target=\"_blank\" rel=\"noopener\">not be falling<\/a> any time soon, he said.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Bidenomics! Soaring Coffee Prices Force Folgers\u2019 Owner To Increase Supermarket Prices<a href=\"https:\/\/twitter.com\/hashtag\/coffee?src=hash&#038;ref_src=twsrc%5Etfw\">#coffee<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/inflation?src=hash&#038;ref_src=twsrc%5Etfw\">#inflation<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bidenomics?src=hash&#038;ref_src=twsrc%5Etfw\">#bidenomics<\/a><br \/> <a href=\"https:\/\/t.co\/oEiATAXBy6\">https:\/\/t.co\/oEiATAXBy6<\/a><\/p>\n<p>\u2014 KAG3-CO (@Kag3C) <a href=\"https:\/\/twitter.com\/Kag3C\/status\/1799513331172307245?\">June 8, 2024<\/a><\/p>\n<\/blockquote>\n<p>\u201cNearly all of the coffee consumed in the U.S. is imported, so <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congressional-budget-office-minimum-wage-hike-would-cost-1-4-million-jobs\/\" title=\"Congressional Budget Office: Minimum Wage Hike Would Cost 1.4 Million Jobs\">higher prices<\/a> are likely until the production challenges subside,\u201d said Roberts.<\/p>\n<p>\u201cWhile it\u2019s highly unlikely U.S. consumers are going to significantly curb their consumption due to high prices, they may get creative with at home coffee drinks and lean on store-bought flavorings to replace more expensive specialty drinks from coffee shops,\u201d he said.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>\u201cWe don\u2019t even know if an election will be held in 2024.\u201d Those 12 words have been stuck in my head since I first read them. <\/span><\/i><\/p>\n<p><i><span>Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. <\/span><\/i><\/p>\n<p><i><span>And if the leftists and the elites get their way, that\u2019s exactly what will happen \u2014 no real election, no real choice for the Electoral College, and no real say for the American people. <\/span><\/i><\/p>\n<p><i><span>The Western Journal is fighting to keep that from happening, but we can\u2019t do it alone.<\/span><\/i><\/p>\n<p><i><span>We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.<\/span><\/i><\/p>\n<p><i><span>But Big Tech\u2019s stranglehold is now so tight that <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without help<\/span><\/i><\/a><i><span>  from you, we will not be able to continue the fight. <\/span><\/i><\/p>\n<p><i><span>The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we\u2019ll lose it for good. Can we <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>count on you<\/span><\/i><\/a><i><span>  to help? <\/span><\/i><\/p>\n<p><i><span>With you we will be able to field journalists, do more investigative work, expose more corruption, and get desperately needed trStephen A. Smith Lights Up Analyst Over WNBA Delusion, Caitlin Clark Jealousy &#8211; &#8216;Who Talks About the WNBA?!&#8217;uth to millions of Americans. <\/span><\/i><\/p>\n<p><i><span>We can do this only with your help. Please don\u2019t wait one minute.<\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>  Donate right now<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>P.S. Please <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>stand with us<\/span><\/i><\/a><i><span>  today.<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-44685\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-44685\">Summary<\/label><label for=\"more-info-tab-radio-44685\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-44685\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-44685\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues.<\/p>\n<\/p><\/div>\n<div>\n<p>  Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues. <br \/> Jack can be reached at jackwritings1@gmail.com. <\/p>\n<p>  Location <\/p>\n<p>  New York City <\/p>\n<p>  Languages Spoken <\/p>\n<p>  English <\/p>\n<p>  Topics of Expertise <\/p>\n<p>  Politics, Foreign Policy, Military &#038; Defense Issues <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent earnings report, J.M. Smucker Co., the parent company of Folgers, Caf\u00e9 Bustelo, and Dunkin&#8217; brands, delivered news that might be tough for coffee lovers. Last week, the CEO detailed the company&#8217;s financial performance, impacting coffee enthusiasts nationwide<\/p>\n","protected":false},"author":661,"featured_media":2263111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/06\/folgers.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2263110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/06\/folgers.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2263110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2263110"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2263110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2263111"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2263110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2263110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2263110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}