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Coffee Slump Boosts Starbucks, Smucker Profit: Chart
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July 26, 2013
The two-year slump in coffee prices is providing a profit boost for retailers including Starbucks Corp. (SBUX), J.M. Smucker Co. and Dunkin’ Brands Group Inc. (DNKN) as costs decline and consumers buy more. The CHART OF THE DAY shows arabica-coffee futures plummeted 60 percent since reaching a 14-...
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