Folgers Commercial Coffee Price to Rise
From Reuters
Unless you brew it at home, your morning cup of coffee will get pricier in a few weeks.
Folgers, considered a trendsetter among roasters, is hiking its commercial coffee prices because of higher costs for unroasted beans and crude oil.
“Food service coffee prices will rise 25 cents per pound or 6%, and office coffee prices will rise 15 cents per pound or 4%, effective May 3,” said Tonia Hyatt, a spokeswoman for Folgers, which is a brand of Procter & Gamble Co.