J.M. Smucker Boosts Prices On Most Coffee Products By 9%

06-04-2014 • http://www.zerohedge.com, by Tyler Durden

So with input costs rising across the board not just for the Fed, but certainly for food manufacturers everywhere, it was only a matter of time before the latter also oo threw in the towel and followed in the Fed's footsteps. Which is what happened earlier today when J.M. Smucker Co. said it raised the prices on most of its coffee products by an average of 9% to reflect higher green-coffee costs.

WSJ reports that the price increases primarily impact Folgers and Dunkin' Donuts brand products and exclude products made for single-serve coffee machines. But don't blame it on monetary policy: it's all the weather's fault:

Coffee prices have been elevated amid concerns that unusually hot and dry weather in Brazil's key growing regions will dent coffee-bean output.

Smucker, whose U.S. consumer-foods business includes its namesake fruit spreads and Jif peanut butter, plans to provide more details when its releases its fiscal fourth-quarter financial report on Thursday.