Ohio-based The J. M. Smucker Company (NYSE:SJM) has announced that it will slash its packaged coffee prices by an average 6% owing to continuous decline in green coffee costs.
Smucker, which is slated to release its fourth quarter and fiscal year 2012 earnings on June 7, is cutting prices of coffee products sold in U.S. under the brand names of Folgers, Dunkin’ Donuts, Millstone, and Cafe Bustelo. However, this does not include coffee or other products sold in the Dunkin’ Donuts restaurants, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards