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Wednesday
May252011

Coffee Prices Are on the Rise Again

Jupiterimages/Thinkstock(ORRVILLE, Ohio) -- Coffee drinkers may soon have to pay more for their morning cup of joe.

The wholesale price of coffee beans has jumped more than 70 percent in the past year, and now, for a second time this year, a big supplier to supermarkets has announced a double-digit price hike.

J.M. Smucker Co., the company that sells Folgers and Dunkin' Donuts packaged coffees, said on Tuesday that it will charge retailers 11 percent more.  The latest increase comes on top of a 10 percent price hike in February and two more from last year.  

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