Kraft will lower bagged Gevalia coffee prices by 6 percent

NEW YORK Fri May 3, 2013 11:55am EDT

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NEW YORK May 3 (Reuters) - Kraft Foods Group Inc said on Friday that it will lower the price of its Gevalia retail bagged coffee by 6 percent, effective May 5, due to sustained declines in the green coffee market.

While the price of its Gevalia 12 oz bags will decrease by 6 percent, Gevalia Single Serve Cups, Gevalia e-commerce SKUs and Tassimo Gevalia T Discs are not included in the price decrease, a spokesman said in an email.