Coffee prices poised to perk up
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 28 March 2025
⏱️ 7 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Friday, March 28th. I'm Julie Morgan. How much are you willing to pay for a cup of coffee? |
| 0:16.9 | CoreWeave trims its IPO, and Dockers could soon have a new owner. |
| 0:22.7 | You've heard a lot about the increase in the price of eggs in recent months, but what about the juice that keeps you going? |
| 0:29.2 | No, not OJ, a cup of Joe. |
| 0:32.2 | Raiders reported that you may soon have to pay up to 25% more for coffee as companies such as Lavaza, Nestle, and J.D.E. |
| 0:40.7 | Peets are reportedly in talks with retailers to raise prices to pass on the costs from surging |
| 0:46.6 | Arabica prices to consumers. According to the Food and Agriculture Organization, |
| 0:52.1 | world coffee prices jumped to a multi-year high in 2024. |
| 0:56.9 | Production has been impacted by prolonged dry weather and drought in Brazil and Vietnam, |
| 1:02.5 | as well as heavy rains in Indonesia. Brazil and Vietnam together account for more than 50% |
| 1:08.6 | of the world's coffee production. |
| 1:16.7 | Global prices for the higher quality Arabica favored in the roast and ground coffee market soared 70% last year and gained another 20% so far in 2025. |
| 1:23.7 | Reg Watson, the director of equity research at ING, told Reuters that retail prices could rise 15 to 25%. |
| 1:32.6 | Dutch firm JDEP said it would hike prices to absorb the cost from coffee inflation, |
| 1:38.8 | and one Brazilian roaster reportedly raised roast and ground prices by 14.3% in March, after hikes of 11% in January and 10% in December. |
| 1:51.2 | Fulger's coffee maker J.M. Smucker, which raised prices last June and October, said it expects another hike in the first half of the next fiscal year. |
| 2:07.6 | Corweave said its initial public offering price at $40, which is less than its earlier estimate, selling 37.5 million shares for $1.5 billion. The offering comprises 36.59 million |
| 2:15.6 | shares of Class A common stock to be sold by the firm and 910,000 shares |
| 2:21.7 | to be sold by existing stockholders. In addition, the company has granted the underwriters a 30-day |
| 2:27.9 | over-allotment option to purchase up to an additional 5.6 million shares. The stock goes live on the NASDAQ this morning under the |
| 2:36.3 | ticker symbol CRWV. The offering is expected to close on March 31st, subject to the satisfaction |
... |
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