Caffeine price is on the rise
June 5 , 2014
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."