Starbucks to hike coffee prices in some U.S. outlets

Starbucks, however, will leave the prices of some popular beverages such as the Grande Brewed Coffee and the Frappuccino unchanged in most U.S. outlets, it said on Monday. The price hike comes at a time coffee prices have cooled from highs hit last year after a drought in the world's biggest coffee producer, Brazil, triggered supply concerns. Arabica coffee futures on ICE fell to a one-and-a-half year low on Monday.