Coffee prices in Canada are
finally dropping after almost a
yeat_ of pocketbook-breaking
prices.

The prices are beginning to
drop following an announcement
by General Foods on Oct. 4, 1977
that it was lowering its list prices
of instant coffee by two cents an
ounce and ground coffee by
12-15 cents a pound.

Retail price reductions are
occurring as stocks of coffee
purchased al the higher prices are
used up and replaced by new,
lower-priced stocks.

The price for green coffee
beans on the international market

has dropped to about $2 a pound
from a high of $3.40 last April.
At the retail level on the day of
‘General Foods announcement
prices in major metropolitan
areas were about $4.50 a pound
for ground coffee and $4.30 for a
six-ounce jar of instant coffee,

Paent lo tha Slupare Motes (1A
Grastaanievg ing Harsaur

~ =
LA GONDOLA
DINING ROOM
& DRIVEN

DINE IN OUA EXQUISITE
VENETIAN DINING LOUNGE

FOR ARSERVATIONS

624-2621 or 624-3359

Wt ive. W. at Gth St,

Coffee prices finally g

The prices were driven up as
shortages occurred on the raw

bean international market for —

coffee, and continued at high
levels, although processors de-
layed passing the increases on to
the public, and in fact never did
pass them on to the full extent.
This was mainly because of
consumer resistance in the mar-
ketplace.

Because of the resistance over
high prices, coffee isn’t selling as
rapidiy as it used to, and proces~
sors witnessed a decline of about
25 per cent over 18 months in
Canadian coffee consumption.

The AIB feels’ these’ same
market forces will act to bring
down the retail prices as quickly
as possible. Indications are,
however, the warehouses first
will be emptied of the higher-
Priced stocks.

Open 6:30 a.m. to 11: p.m,

0 oe

THE TOWNSMAN, Thursday, November 3, 1977, PAGE 5

oing down

TAS

ae

at

Coffee prices in Canada have finally decreased but experts are unable to say exactly how much will be
passed on to the consumer. They are also unable to predict future coffee price movement.

HE CHANGE
. SCHNITZEL OF HOURS
BREAKFAST - TUES. - FRI. - 7AM-10AM
DINNER - TUES. - FRI. - 5PM-10PM .
SAT. & SUN. - BREAKFAST, LUNCH & DIN-

NER T0AM-10PM
(INTERNATIONAL). CLOSED MONDAY

KALUM MOTEL
” Terrare

LAKELSE
HOTEL
THE PLAGE

FOR

(CUISINE)

Hwy. 16 W,

WE MAKE

4343 LAKELSE AVENUE

: 635-7100
AKE OUT ORDERS WELCOME

WEDDING RECEPTIONS
PRIVATE PARTIES

BANQUETS

CATERING .
DANCING SPACE AVAILABLE.

“PROBABLY THE BEST”

_“MieMikes

CHAR-BROILED STEAKS

4136 Lakelse Ave. Terrace
"MirWike's reature

635-5531

Char-Broiled Steak

Including: BAKED POTATC
CHOICE OF SALADS and
“DRESSINGS. GARLIC TOAST

- King-Size Steak Dinner

$2.99

$4.99

Pools, Saunas |
Kitchenettes
Sound Proof

638-0226
HECTORS

INTERNATIONAL CUISINE
MON-SAT. 5 PM - 11 PM

Phone 638-8145 |
4620 Lakelse Avenue

KAMLOOPS
_ Qaly four blocks fram.
“downtown, Banquet
ss Room to seat 100, -
- -§80ColumbiaSt
(004) 374-1218

Jf aoe Rt
re eee
Ez

Tenderloin Steak Dinner. $4.99 7 WOLLOUGH BY

Steak & Shrimp Combo. $4.39 APPEARING NIGHTLY
10 THE LOUNGE

RESTAURANT

CHINESE & CANADIAN FOOD

Jumbo Shrimp Dinner- #299 |
, 10 am to-f am Monday - Saturdey

#1 am to 10 pm Sunday

PHONE 635-6111

4642 Lazalle West of CFTK

Chopped Beef Dinner $1.59

4626 Mwy. 16 W.

_” The Mikeburger
, Terrace, 5.6.

$1.39

jiicas SUBJECT TO CHANGE SiiTWAYY NOTICE,