ORRVILLE, Ohio — After raising the list price for many of its coffee products in late May, J.M. Smucker announced that it has cut the cost.
The company said that the list price for items sold under such brand names as Folgers, Dunkin' Donuts and Folgers Gourmet Selections, were reduced by an average of 6% due to declines in the green coffee futures market.
J.M. Smucker added that it holds a license for the Dunkin' Donuts brand and sells the brand-name packaged coffee products across various retail channels, not including Dunkin' Donuts restaurants.