(Add details, background)
NEW YORK Aug 6 Kraft Foods KFT.N raised the
list price on select Maxwell House and Yuban ground and instant
coffees in the United States, a spokeswoman said on Friday.
The increases are 30 cents per lb equivalent on ground
coffees and 2-1/2 cents per ounce on instant, said Bridget
MacConnell, Kraft spokeswoman.
The price hike comes three days after trendsetter J.M.
Smucker Co (SJM.N) raised list prices 9 percent for most of its
Folgers, Dunkin' Donuts, Millstone and Folgers Gourmet
Selections coffees sold in the U.S. retail market.
The Maxwell House Cafe line of specialty soluble items is
not included in the price change, Kraft said.
"Increases are due to sustained increases in the cost of
green coffee," MacConnell told Reuters in an email.
Arabica futures KCc1 trading on ICE have surged 35
percent over the past two months, reaching a 12-1/2 year high
on Aug. 2 at $1.8150 per lb. There are steep premiums on the
physical market as top washed-arabica producer Colombia and
Central America continue to face tight supplies.
(Reporting by Marcy Nicholson)