Starbucks faces higher milk, coffee costs
date:Mar 20, 2014
months and it hasn't yet, Mulligan said, referring to dairy prices.

Elsewhere, coffee prices recently hit a two-year high due to crop-damaging drought in Brazil, the top producer.

I'm not concerned about where coffee is going, Schultz said. I think the market has significantly overreacted to the issue in Brazil and I don't see coffee prices spiking at very much higher levels than they are today, over the long term.

Schultz said Starbucks has managed through prior commodity cost hikes and can
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