Smucker cuts Folgers coffee prices, puts pressure on Kraft

Top U.S. packaged coffee maker J.M. Smucker Co. Tuesday cut coffee prices by 6 percent for most of its brands, including its flagship Folgers, the first major roaster to do so after 15 months of hikes, putting pressure on its rivals to follow suit. Arabica coffee futures trading on ICE soared to a ...

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