JM Smucker to hike coffee prices

August 4, 2010 1:59:39 PM PDT
Get ready to pay more to pour yourself a cup of coffee at home.

JM Smucker says it will increase the price of its coffee products by about 9 percent. That includes Folgers, Dunkin Donuts and Millstone brands.

The company says the price increase is due to increased costs for Arabica coffee beans.

Other coffee makers are expected to follow the price increase.