Wait for coffee price fall
PA Hamilton New Zealand consumers will have to wait at least six months before a drop in world coffee prices filters through, says a Hamilton coffee merchant. Mr Brett Whittle, Bushells sales and marketing manager, said a recent domestic price drop of about 5 per cent was in response to a downward trend in the world price.
New Zealand coffee merchants buy six months in advance and so any short-term fluctuation in price does not necessarily reach consumers. World prices “declined dramatically” this week because of a break in talks between coffee buyers and sellers over prices and quotas, Mr Whittle said. He predicted that the downward trend in coffee prices would continue.
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Press, 13 March 1987, Page 27
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118Wait for coffee price fall Press, 13 March 1987, Page 27
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