COMMODITIES: Coffee Break

U.S. coffee drinkers got a welcome treat last week. After Brazil cut the minimum export price to 53.8¢ a lb. (v. 87¢ last June), prices tumbled to the lowest levels in more than a year. General Foods Corp., biggest U.S. roaster, clipped 5¢ off the price of Maxwell House, pushed the wholesale price down to 97¢. A. & P. Co. slashed its Eight O'Clock coffee from 89¢ to 79¢ a lb. Standard Brands cut 10¢ a lb. off Chase & Sanborn.

The price cuts, both by Brazil and U.S. roasters, were caused by the drop in demand; coffee imports...

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