UPDATE 1-Starbucks CFO says prices locked in for 70 pct of 2016 coffee needs
April 23, 2015 at 18:59 PM EDT
NEW YORK, April 23 (Reuters) - Starbucks Corp has locked in prices on 70 percent of 2016 coffee needs at "favorable" levels when compared to its 2015 coffee costs, its chief financial officer said in a call to announce the company's fiscal second-quarter results.
