WATERBURY, VT -- Keurig Green Mountain Inc. said it is raising prices up to 9% on all portion packs for use in its Keurig single-cup brewers, as well as traditional bagged, fractional packs and bulk coffee products. The price hike will take effect on Nov. 3.
The company said the price increase is in direct response to a sustained increase in the price of green coffee and cocoa, along with increases in packaging materials, energy and transportation costs.
The last price increase for K-Cups from Green Mountain took effect in September 2010. | READ MORE
Keurig Green Mountain's price hike follows J.M. Smucker's price increase announced on June 3 for most of its packaged coffee in the U.S., but which excluded Keurig K-Cups.