LONDON/NEW YORK >> Coffee roasters 3 Coracoes and Melitta are raising prices for their products in Brazil, the world’s second-largest coffee consumer behind the U.S., according to documents sent to clients and seen by Reuters.

A joint venture between Brazilian company Sao Miguel and Israeli group Strauss STRS.TA, 3 Coracoes said it was increasing prices for roast and ground coffee by 10% and for instant coffee by 7% as of September 1.

Melitta South America, also a major player in Brazil, said it was increasing prices by 15% as of September 1.

The two companies, which cited rising raw bean prices, volatility and climate issues as reason for the price hike, did not immediately answer requests for comment.

Global prices for raw arabica beans KCc2 have risen more than 20% this year after s

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