Coffee prices expected to hit $12 a cup by end of year...
When that happens I'll drink water. I'm not paying $12 a cup.
The wholesale price of beans has jumped more than 30 percent just since the start of November. Futures prices for arabica beans — or what buyers pay for beans to be delivered from producer countries to ports in the United States and Europe — rose to more than $3.30 per pound in mid-December, breaking a 47-year-old record. That's nuts, all caused by weather. It may take up to two years for Brazil’s coffee crop to recover from the drought. I guess one needs to buy now and save.
Oh even orange juice prices are high, in Fla production plummets amid extreme weather events, incurable citrus greening disease and inflationary pressure . And Brazil its experiencing the same conditions as Fla.
