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Wholesale German Coffee Prices on the Rise (DJ)

Source: Dow Jones Newswires
20/12/2007

Frankfurt, Dec. 19 - Three major German coffee producers, Jacobs Kroenung, HAG and Onko, owned by Kraft Foods Inc and competitor Melitta Group have confirmed to Die Welt that they raised wholesale prices some 5% to 8% at the beginning of the week, the newspaper will report Thursday.

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According to the newspaper, the makers say they have been hit by higher energy, transport and raw coffee prices.

Head of the German coffee union Holger Preibisch tells the newspaper: "In light of significant increases in raw material and energy costs, a substantial price increase for the end-consumer is unavoidable."

The newspaper notes coffee is the most popular drink in Germany, beating beer and water, with Germans drinking on average 146 liters a person annually.



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