Archive for the ‘Coffee Commodities’ Category

J.M. Smucker Raising Coffee Prices 9%

Tuesday, August 3rd, 2010

The Wall Street Journal reported today that J.M. Smucker Co. plans to increase prices on an array of products in its coffee lineup sold in the U.S., specifically a majority of those under the Folgers, Dunkin’ Donuts and Millstone brands.

On average, price tags on the affected products will see a 9% increase, the company said.

The Orrville, Ohio, food marketer pointed to higher long-term costs related to green, or unroasted, coffee beans.  Since June 1, coffee futures have surged nearly 25% as harsh weather led to two seasons of disappointing harvests in key production areas such as Central American and Colombia.

In May, the company had announced a 4% increase across the same selection of products.

To read further about the J.M. Smucker price increase at Market Watch Click Here