Seattles Best Coffee and Starbucks Raise Prices

This came in this morning.  SBC, Seattle’s Best, is owned by Starbucks.

“Starbucks raises coffee prices for retailers

Starbucks Corp. is raising prices it charges retailers for packaged coffee by up to 12 percent to cope with higher costs for beans. The world’s largest coffee chain said that it informed grocery customers Friday of the increase for Starbucks and Seattle’s Best Coffee brands. It’s up to the grocers and other retailers to decide if they want to pass along that increase to consumers. Starbucks also raised the price it suggests stores charge to $9.99 from $8.99 for a 12-ounce package of Starbucks coffee and to $7.99 from $6.99 for Seattle’s Best. Starbucks is one of several coffee companies to raise prices as the cost for unroasted beans has hit record levels.

Jim Patton”

The source is Jim Patton, Walker Trading

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