P&G ups cost of Folgers, Dunkin' Donuts coffees

Mon Mar 3, 2008 4:22pm EST

By Marcy Nicholson
Reuters

NEW YORK, March 3 (Reuters) - The largest U.S. roaster increased the list prices of some of its Folgers coffees, for the second time in three weeks, and a Dunkin' Donuts coffee, citing climbing green coffee prices, a Procter & Gamble (PG.N: Quote, Profile, Research) spokesman said on Monday.

P&G hiked the list prices of some of its Folgers coffees by 3.5 to 7 percent, and Dunkin' Donuts by 6 percent, effective immediately. The price increase was P&G's second since Feb. 11, Bryan Brown said.

"Green coffee prices have continued to rise sharply over the past three weeks. This past week New York "C" arabica and London robusta markets have traded at more than 20 cents per pound versus our previously stated price for Folgers mainstream coffee," Brown said.

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