Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Starbucks cuts suggested retail price of coffee

Eric Risberg/Associated Press/file

NEW YORK — Starbucks is cutting the suggested retail price of its bagged coffee sold in supermarkets, following similar moves by competitors amid falling commodity costs.

The Seattle-based chain says 12-ounce bags of its whole and ground coffee will be $8.99, down from $9.99. The list price of its Seattle’s Best coffee will also be slashed to $6.99 a bag, from $7.99. The new prices take effect May 10.

Continue reading below

The list price is just a suggestion and retailers are free to charge their own prices, however, so customers may not see a change.

The move does not affect the price of Starbucks coffee in its cafes.

In February, J.M. Smucker Co. also lowered the price for most of its Folgers and Dunkin’ Donuts packaged coffee sold in the United States by an average of 6 percent.

The cut by Starbucks Corp. also reflects the company’s ongoing push to accelerate growth in its packaged goods business.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com