Smucker hikes prices of Folgers, Dunkin' Donuts packaged coffee
The signage is pictured at a newly opened Dunkin' Donuts store in Santa Monica, California September 2, 2014. REUTERS/Mario Anzuoni
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(Reuters) - J. M. Smucker Co (NYSE: SJM) said on Wednesday that it had raised prices of its packaged coffee products such as Folgers and Dunkin' Donuts by an average of 6 percent in the United States.
The biggest U.S coffee roaster said it had hiked prices in response to a sustained increases in green coffee costs.
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Last June, when there were ample supplies from Brazil, Smucker had cut retail prices on Folgers and Dunkin' Brands Group Inc's (NASDAQ: DNKN) Dunkin' Donuts coffees by 6 percent.
Smucker said on Wednesday that its K-Cup pods were excluded from the price increase. The company is licensed to make packaged coffee and K-cup pods for Dunkin' Donuts.
(Reporting by Aravind K in Bengaluru; Editing by Savio D'Souza)
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