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Coffee Prices #494207

NBC Evening News for Thursday, Jun 23, 1977
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(Studio) General Foods says coffee profits for 2nd quarter will be below estimates because Americans have cut coffee consumption. Is evidence of consumer resistance to coffee prices; retail prices now coming down a bit.
REPORTER: John Chancellor

(NYC) Reductions in coffee prices at A&P, Finast, Stop'n'Shop, Winn-Dixie and Safeway stores noted. Researcher of food sales information reports sales dropped dramatically after 1st of year Reduction in use by 2 shoppers noted. It's winter in Brazil and any indication of freeze may reverse downward trend.
REPORTER: Robert Hager

(Studio) There had been prediction of freeze in Brazil, but weather bureau there now says no serious frost expected.
REPORTER: John Chancellor

Chancellor, John;
Hager, Robert

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