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Coffee Skyrockets as Weather Affects Crops
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 19195341:MV8xOTg0MTE3XzMzMzM3NTg5XzdEMUY5QkVB] [quote:KoFFee_:MV8xOTg0MTE3XzMzMzMxOTgxXzVGQjVCNTYw] [quote:my2centsworth:MV8xOTg0MTE3XzMzMzMxODc5X0Q3MzQ0QkFB] No...not Coffee! Guess we'll be stocking up as well! I can do without a lot of things, coffee isn't one of them. [/quote] Same here, except I think I could've done with less today--I just realized I'm on my 4th cup and feeling a little jittery. :catdance: [/quote] 4th cup jitters ? That must be some coffee ! I'm usually carrying #4 out the door with me for the drive to work ! If you have a Freds nearby, go stock up. $2.50 a brick for the store brand and it's drinkable. [/quote]
Original Message
Oh No! Doom for me!
Coffee skyrockets as weather affects crops
The price of coffee is skyrocketing on speculation that Colombia’s harvest will be smaller than expected for the fourth straight year.
Coffee for December delivery jumped 10.6 cents, or 6.5 percent, to finish at $1.7365 per pound. That’s the highest level since early August.
Although Brazil’s coffee crop appears headed toward a robust harvest, Colombia’s crop was hampered by heavy rainfall that caused delays earlier in the season. Colombia could produce a smaller-than-expected crop for the fourth consecutive year, Barclays Capital analysts said in a report on Friday.
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