(Reuters) - J. M. Smucker Co said on Wednesday that it had raised, prices by an average of 6 percent of its packaged coffee products such as Folgers, Dunkin' Donuts and Cafe Bustelo in the United States.
If you’re the kind of person who can’t handle interacting with other humans — much less leaving the house — before you’ve had your first cup of coffee in the morning, brace yourself: the price of some packaged java products will likely be going up soon as a result of a spike in the price of raw coffee.
If you’re cruising for a pick-me-up in store aisles soon, you might notice that certain brands are a bit cheaper than before: because the price of coffee beans has fallen lately, the parent company of Folgers and Dunkin’ Donuts brand packaged coffees has decided to pass on the savings to consumers.
With the World Cup just over a week away, hordes of revelers are about to descend upon Brazil. The party is about to get started, but Brazilian farmers may be more excited about rain than incoming soccer fans. After a drought in Brazil and a devastating fungus known as rust swept Central American ravaging the coffee crop, there are concerns that the coffee supply will not keep up with international demand this year, causing a spike in prices. On Tuesday some of those fears were realized as J. M.
Dunkin' Donuts is starting fall early. Beginning today, the donut chain will begin offering pumpkin products in stores, the company told Business Insider. By September 1, all the fall offerings will be available.