date:Jun 07, 2013
ackaged coffee products as prices of green coffee have declined over the past 18 months.
Arabica coffee futures hit $1.3405 per pound in mid-March, their lowest in nearly three years and down more than 55 percent from a 34-year high reached in May 2011.
Smucker, based in Orrville, Ohio, forecast a full-year adjusted profit of $5.65-$5.75 per share. Analysts on average were expecting of $5.73, according to Thomson Reuters I/B/E/S.
The company's fourth-quarter net profit rose 25 percent to $130