Kraft increases prices for its ground coffee brands

NEW YORK Kraft Foods announced Tuesday it raised list prices on its Maxwell House and Yuban roast and ground coffees, citing high green coffee prices.

The move will see a price increase of 15 cents per equivalent pound, effective Feb. 12, company spokeswoman Bridget MacConnell said.

Instant coffees will see an increase of 3 cents per ounce, she said.

The price hike follows Monday’s move by Procter & Gamble, the largest U.S. roaster and industry trendsetter, to raise its list prices for Folgers Ground and Instant coffee brands by 6 percent.