Kraft Raises Coffee Prices of Maxwell House, Yuban

FOXBusiness

Kraft (NYSE:KFT) is reportedly raising prices of its Maxwell House and Yuban coffee brands in the US, effective immediately, according to a report from Reuters.

The price of roast and ground coffee has been raised by 12%, to 35 cents per pound equivalent, with instant coffee up about 4% to 2.5 cents an ounce.

Continue Reading Below

The company told Reuters that the price hike was due to “sustained increases in the price of green coffee.”

Kraft last raised coffee prices in early August.

What do you think?

Click the button below to comment on this article.