Kraft Foods Inc (KFT.N: Quote, Profile, Research, Stock Buzz) lowered its list prices for select Maxwell House and Yuban ground and instant coffees, effective immediately, a company spokeswoman said Tuesday.

The drop followed J.M. Smucker Co's (SJM.N: Quote, Profile, Research, Stock Buzz) announcement on Dec. 5 that it cut list prices on four Folgers coffee products because of a sustained decline in the cost of green beans.