High Prices Jolt Coffee Market

By Marvin G. Perez

Rising food prices are eating into corporate earnings, and the coffee industry is no exception.

For seasoned traders paying the current price above $2.30 for a pound of Arabica beans this may not be so shocking, especially if they lived through the price spike to $3.18 a pound seen in 1997. But for younger entrepreneurs who entered the growing specialty market over the last few years, the price rally has jolted many.

Are prices heading towards $4 or $5 a pound? Or will world farmers, enjoying the highest quotes in more than 13 years, start producing enough coffee to meet growing demand?

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