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Current Position:Home » News » Beverages & Alcohol » Beverages » Topic

Coffee prices in Dunkin' Donuts restaurants set to rise

Zoom in font  Zoom out font Published: 2014-06-11  Origin: Reuters  Views: 15
Core Tip: Dunkin' Brand Group Inc said on Tuesday it expects "modest increases in coffee prices" at its Dunkin' Donuts restaurants as the company reviews rising commodity costs with its franchises.
Dunkin' Brand Group Inc said on Tuesday it expects "modest increases in coffee prices" at its Dunkin' Donuts restaurants as the company reviews rising commodity costs with its franchises.

The statement, emailed to Reuters by a Dunkin' spokeswoman, comes after retail coffee trend setter J.M. Smucker Co raised the U.S. list price of the packaged Folgers and Dunkin' Donuts brands by an average of 9 percent last week. Kraft Food Group followed with a 10 percent increase to Maxwell House and Yuban.

The price hikes were made after arabica coffee futures on ICE Futures U.S. soared nearly 90 percent between January and April on production concerns after an unprecedented drought scorched top grower Brazil's arabica belt. Futures prices have since dropped more than 20 percent.
 
 
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