Kraft (KFT -0.2%) cuts prices 6% on several coffee brands - including Maxwell House and Yuban -...

|By:, SA News Editor

Kraft (KFT -0.2%) cuts prices 6% on several coffee brands - including Maxwell House and Yuban - matching the price cut announced last week by rival J.M. Smucker (SJM +0.4%) that marked a reversal of 15-months of price hikes in the industry. Coffee prices on the futures market peaked in April before falling off.