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Hot Futures Market Raises Coffee Price.(Originated from The Miami Herald)

Knight Ridder/Tribune Business News

| February 16, 1997 | Whitefield, Mimi | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. (Hide copyright information)Copyright

MIAMI--Feb. 16--Coffee market jitters that jolted futures prices up this week mean that come late winter or early spring, consumers can expect to begin paying more for a cup of java.

Coffee for March delivery reached a 23-month high of $1.82 1/2 a pound on the New York Coffee, Sugar & Cocoa Exchange on Friday before slipping to $1.79 1/2.

Both Folgers, the nation's top seller of regular coffee, and Maxwell House announced this week that they'll increase their list prices next month. Analysts say by summer's end coffeehouse prices also may jump by about five cents a cup.

Folgers upped its price by 7 percent, which could translate to about …

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