Retail coffee prices rise by 9-10%

|By:, SA News Editor

Kraft (KRFT) raised prices by 10% on its product lines - Maxwell House, Yuban roast and ground coffee brands, as a result of climbing bean costs which went into effect on June 6.

J.M. Smucker (SJM) has already increased prices on its retail brand's Folgers, Dunkin' Donut roast, and ground coffee products by ~9% last week. This past week the company also reported lower sales in FQ4 due to pricing actions in the quarter.