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Caffeine price is on the rise

  • There is some bad news for coffee lovers. Reports suggest that coffee maker J.M Smucker announced that it's increasing the prices on its coffee by about 9 percent, which is the biggest increase seen since 2011. 

    Reuters notes that prices have increased because of a drought in Brazil, which is the largest grower in the world.

    The COO of J.M Smucker said his company is "confident in our ability to adjust pricing when warranted."

    Tagged as: coffee prices increase, coffee prices, brazil drought, money news, business news