Less than a month after acquiring Folgers coffee, J.M. Smucker (nyse: SJM - news - people ) Co announced that it cut list prices on four Folgers coffee products effective immediately because of a sustained decline in the cost of green coffee beans.

J.M. Smucker, known for its peanut butter, jellies and ice cream toppings, acquired the Folgers coffee brand and products on November 6 from Procter & Gamble Co.

Folgers is the largest producer of retail packaged coffee in the U.S. Its product offerings include Folgers brand, Millstone brand and a license to manufacture and distribute Dunkin' Donuts coffee in the retail grocery market.

Folgers said it uses both the richer quality arabica beans, typically used in brewed coffees, as well as the harsher tasting robusta coffee beans processed into instant or blended coffees, in its products.