J.M. Smucker raises coffee prices by 9% -- more java makers soon to follow

Updated

Java just jumped at the cash register again. Due in part to a shortage of arabica beans, prices for major shelf-coffee brands such as Folgers, Dunkin' Donuts and Millstone -- all owned by J.M. Smucker Co. -- increased an average of 9% this week, Reuters reported. That's on top of a 4% bump in May. Kraft-owned Maxwell House is likely to follow.

If the soaring cost of a cup isn't making you jittery, coffee derivatives might give you a caffeine-style start. Speculators betting on rising prices are pouring into the market like milk into a double latte. Two commodity vehicles, InterncontinentalExchange and the London International Financial Futures Exchange, reported record or near-record levels of coffee futures trading. The trend has been percolating for a while. Between June 9 and 16 alone, coffee future prices soared 18.3%, according to Bloomberg data reported in Minyanville.com.

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