Coffee Standoff Tests Growers' Grit
date:Oct 10, 2012
ke Folgers-maker J.M. Smucker Co. are in no rush to buy. Global stockpiles of arabica beans, the coveted variety used in gourmet blends, are at their highest level in more than two years. Meanwhile, coffee demand is slowing due to the woes in Europe and more supplies are expected in the coming months.

The situation stands in contrast to 2011, when coffee roasters and food companies were scrambling to secure supplies amid a shortage of beans that drove prices to 14-year highs.

The result is a t
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