Kraft Heinz Cuts Maxwell House Yuban Coffee Prices By 58

NORTHFIELD, IL -- Kraft Heinz Co. said it has lowered Maxwell House and Yuban coffee prices in the United States by 5.8%. The price decrease, effective July 10, excludes Maxwell House International, K-Cup portion packs, and other brands and packages.

Arabica coffee prices have fallen around 25% since Kraft hiked its prices by 10% last June.

Kraft Heinz's reduction follows J.M. Smucker Co.'s 6% price cuts on its Folgers and Dunkin' Donuts coffee brands announced on July 1.

Meanwhile, Starbucks Corp. raised prices for some of its U.S. coffeehouse beverages by about 1% in early July.

Kraft and Heinz completed their merger on July 2. | READ MORE