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Keurig Coffee Prices Going Up

Courtesy www.keuriggreenmountain.com/
Keurig Green Mountain logo

Keurig Green Mountain says it will increase prices on portion packs by 9 percent in November. The increase includes the company's popular K-Cups.

The Waterbury-based company, formerly known as Green Mountain Coffee Roasters, says the decision is the result of rising commodity prices as well as increased costs for packaging, transportation and materials.

"Many of our competitors already have implemented price increases in light of the reality of sustained input cost increases. After careful review, we determined that it is necessary for us to adopt a small price increase in light of these higher costs,” " said John Whoriskey, President of U.S. Sales and Marketing at Keurig, in a press release issued by the company.

According to analysts, commodity price increases have a greater impact on Keurig Green Mountain than on companies like Starbucks, where coffee costs are a smaller percentage of overall business costs.  

Coffee prices have gone up in recent months as a result of increasing demand, coupled with a drop in global production.

Brazil, which supplies 25 percent of the coffee imported to the U.S., is experiencing weather-related production problems.

Steve has been with VPR since 1994, first serving as host of VPR’s public affairs program and then as a reporter, based in Central Vermont. Many VPR listeners recognize Steve for his special reports from Iran, providing a glimpse of this country that is usually hidden from the rest of the world. Prior to working with VPR, Steve served as program director for WNCS for 17 years, and also worked as news director for WCVR in Randolph. A graduate of Northern Arizona University, Steve also worked for stations in Phoenix and Tucson before moving to Vermont in 1972. Steve has been honored multiple times with national and regional Edward R. Murrow Awards for his VPR reporting, including a 2011 win for best documentary for his report, Afghanistan's Other War.
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