Summary
- The parent company of Folgers coffee, J.M. Smucker Co., is predicting significant price increases due to commodity volatility and inflation.
- Higher green coffee costs are leading to a list price increase across parts of their portfolio.
- Coffee prices have been rising due to supply issues in key coffee-producing nations like Brazil, Colombia, and Vietnam.
- Consumers may turn to recreating their favorite coffee drinks at home with store-bought flavorings due to the sharp increase in coffee prices.
