J.M. Smucker to increase coffee prices
May 18, 2010
by Eric Schroeder
ORRVILLE, OHIO — The J.M. Smucker Co. has announced it is increasing prices on coffee products sold in the U.S. retail coffee market by an average of 4%.
The price increase impacts the Folgers, Dunkin’ Donuts, Millstone and Folgers Gourmet Selections brands.
The price increase is effective immediately, and the price of coffee sold in the company’s other business areas also will be increasing during the current fiscal quarter.
Smucker said the increase reflects sustained increases in green coffee, fuel and packaging costs.