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Coffee prices going down

Kraft is lowering coffee prices in the U.S. by about 6 percent, one week after Smucker's announced a similar move.

Kraft Foods Inc. said Tuesday that the price reduction covers
its Maxwell House and Yuban brands and excludes Gevalia, Tassimo
and the Maxwell House International line of specialty soluble
beverages.

The Kraft price cut translates to 20 cents per pound on roast
and ground coffees and 2 cents per ounce on instant coffees. The
cut is partly the result of lower prices for coffee beans.

Smucker's price cut, also by about 6 percent, primarily affects
its Folgers, Dunkin' Donuts and Folgers Gourmet Selections lines.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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