Strauss to raise coffee, milk prices

The Strauss Group said late last week that prices of their coffee and milk products would increase beginning May 1.

By MATTHEW KRIEGER
April 16, 2007 07:18

 
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The Strauss Group said late last week that prices of their coffee and milk products would increase beginning May 1. The cost of Strauss's coffee products was expected to be somewhere between 9 and 12 percent, reflecting the 40% increase in coffee production costs around the world over the last two years. Until now, Israeli customers had not been affected by the higher cost of coffee production worldwide as Strauss has not raised their prices. Meanwhile, the prices of milk products were expected to rise some 3% at the start of May due to a rise in the cost of milk in Israel, a Strauss representative said.

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