date:Jun 10, 2014
Kraft Foods Group Inc. (KRFT) raised the prices of its Maxwell House and Yuban coffee brands last week, following J.M. Smucker Co.
The prices on the brands' roast and ground coffee products increased by about 10% on June 6, according to Caroline Krajewski, a spokeswoman for the company. Northfield, Illinois-based Kraft cited gains in the green-coffee market for the announced price changes, she wrote in an e-mail today.
The cost of Arabica coffee has surged more than 55% this year as Brazil's w