30 May '18, 4pm

Importer Cooperative Coffees is Raising the Floor Price for Certified Coffees to $2.20/lb

Importer Cooperative Coffees is Raising the Floor Price for Certified Coffees to $2.20/lb

“Entering into our 2018 harvest, 60 percent of our producer partners are part of SPP. We take their opinion very seriously,” Cooperative Coffees General Manager Ed Canty said in an announcement released by the group today. “70 percent of the coffee we buy already trades above this $2.20 minimum. This decision involves pricing on the other 30 percent of our supply chain. It is part of our journey to prices that more accurately reflect the work it takes to grow great coffee. Our membership is in 100 percent agreement that this higher minimum is a necessity for all our producer partners.”

Full article: https://dailycoffeenews.com/2018/05/30/importer-cooperati...

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