P&G hikes some roast, instant Folgers coffee prices

NEW YORK, Feb 11 (Reuters) - Procter & Gamble (PG.N: Quote, Profile, Research) hiked the list prices of some of its well-known Folgers coffees by six percent, effective immediately, a company spokesman said Monday.

"Folgers will increase list prices to U.S. retail customers on Folgers Ground Coffee at plus-15 cents per 10.5 to 13 ounce package equivalent. That's plus six percent," said P&G spokesman Bryan Brown.

Folgers Instant Coffee will be increased by 24 cents per 8 ounce jar equivalent, also 6 percent, Brown said.

The price hike reflects the recent rally in green arabica and robusta beans on the futures markets, Brown said. (Reporting by Marcy Nicholson)