Smucker to hike coffee prices 10%
Feb. 8, 2011
by Eric Schroeder
ORRVILLE, OHIO — The J. M. Smucker Co. announced it has increased the list price for the majority of its coffee products sold in the United States by an average of 10%, primarily consisting of items sold under the Folgers and Dunkin’ Donuts brand names.
“The increase in price is driven by sustained increases in green coffee costs,” J.M. Smucker said.
Dunkin’ Donuts brand is licensed to The J. M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, and drug stores.