Your morning pick-me-up is about to get a little pricier
Wednesday, June 04, 2014 2:52 PM
Can't get through the morning without your coffee? If so, prepare to dig a little deeper in your wallet. Feeling the bite of a drought in South America, The J.M. Smucker Co. said it's going to raise the price on its coffee products by 9 percent, CNNMoney reported. The price hike will affect Folgers and Dunkin' Donuts packaged products sold in grocery stores. Coffee prices have surged this year, driven by a severe drought in Brazil that wreaked havoc on this year's harvest of Arabica beans, the most popular bean in coffee production. Keurig users, however, can find one silver lining in this news - K-cups are exempt from the increase.