ADVFN - Advanced Financial Network.
HOME» NYSE » S » SJM Stock Price » SJM Stock News

Smuckers J M Share News

 Smucker (j.m.) Co. Stock Price
SJM Stock Price
 Smucker (j.m.) Co. Stock Chart
SJM Stock Chart
 Smucker (j.m.) Co. Stock News
SJM Stock News
 Smucker (j.m.) Co. Company Information
SJM Company Information
 Smucker (j.m.) Co. Stock Trades
SJM Stock Trades

Nespresso Raises Coffee Pod Prices In US, Europe--CEO

By Leslie Josephs Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Nespresso, the single-serve unit of Switzerland's Nestle SA (NSRGY, NESN.VX), raised prices this week in the U.S. and in Europe for its high-end coffee pods due to the rising cost of green coffee, the company's chief executive said Thursday. The company lifted prices by 3.6% in the United States to 57 cents per pod, and by 6% in Europe to 35 euro cents, effective June 1, said Nespresso's chief executive, Richard Girardot. "We have to manage that," Girardot said, referring to the higher cost of unroasted beans. He said the company uses 95% arabica beans, a variety that is more difficult to grow and subsequently more expensive compared with robusta beans. Arabica coffee futures on InterContinentalExchange have nearly doubled over the past year after bad weather clipped output in major producers, such as Colombia, and speculative buying and increased demand drove up prices. But Girardot said the company has no plans to switch its blend to include more of the cheaper robusta beans. "We are an arabica company," he said. "We use robusta like salt and pepper when you cook." Last month, Starbucks Corp. (SBUX) and J.M. Smucker Co. (SJM) announced price increases for some of their bagged coffees. Earlier this year, U.S. coffee roasters and retailers Kraft Foods Inc. (KFT) and Massimo Zanetti USA raised prices under pressure from climbing green-coffee costs. -By Leslie Josephs, Dow Jones Newswires; 212-416-4055;

Stock News for Smuckers J M (SJM)
03/27/201506:06:05Small Company Offering and Sale of Securities Without Registration...
03/26/201521:29:05Building A Better (Balanced) Dividend Growth Portfolio
03/23/201517:14:35Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
03/23/201517:11:33Current Report Filing (8-k)
03/23/201516:30:00The J. M. Smucker Company Completes Acquisition of Big Heart...
03/19/201517:17:16Statement of Changes in Beneficial Ownership (4)
03/09/201508:01:51Current Report Filing (8-k)
03/09/201507:37:23Wheat prices in downward trend
03/03/201517:32:56Statement of Changes in Beneficial Ownership (4)
03/03/201517:11:56Statement of Changes in Beneficial Ownership (4)
03/03/201517:02:47Current Report Filing (8-k)
03/02/201517:42:10Current Report Filing (8-k)
02/26/201506:48:32Dunkin' Donuts K-cup partnership expanded
02/26/201506:00:00Dunkin' Brands, The J.M. Smucker Company And Keurig Expand Partnership...
02/25/201517:30:20Statement of Changes in Beneficial Ownership (4)
02/25/201515:53:25Buyout Shops Keep Skin in the Game
02/24/201517:28:56Current Report Filing (8-k)
02/23/201517:39:46Statement of Changes in Beneficial Ownership (4)
02/20/201517:09:22Statement of Changes in Beneficial Ownership (4)
02/19/201517:16:32Statement of Changes in Beneficial Ownership (4)

Smuckers J M and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations