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Coffee Prices to Soar on Shortage Fears: Could the World Run Out of Coffee?!
05-17-2011, 07:14 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,580 Threads:1,443 Joined:Feb 2011
A cup of coffee is about to get even more expensive.

The price of raw green beans has more than doubled in less than 12 months and coffee shops say they can no longer absorb the soaring costs.

Danny Erlich, co-owner of Prahran coffee roaster and retailer Ciscos Coffee, said he expected Melbourne cafes to raise the price of a cup of coffee by up to 50 cents.

He said a shortage of beans and an increase in the number of coffee speculators - traders who make bets on coffee prices - were forcing cafes to increase prices.
‘‘They’ve got no choice,’’ he said.

The biggest concern may not be the cost of coffee but whether there is any available.

Extraordinarily, there is a serious fear the world may temporarily run out of its second-most-traded commodity.


Read it all: smh.com.au

In January we paid € 3,59 for 1/2 kilo of Arvid Nordquest Dark Frenchroat Espresso, now we pay € 5,79 for the same amount a mere 4 months later.

wonder.gif
Anonymous Kritter Show this Post
05-17-2011, 07:30 PM #2
Anonymous Kritter Incognito Anonymous
 
wtf2.gif no more coffeetime.gif aaah2.gif
05-17-2011, 07:57 PM #3
Upāsaka Member
Posts:1,382 Threads:252 Joined:Feb 2011
I don't need Coffee, people like me and Mr Sheen, wake up every day and have a cup of 'winning' tiger blood to start off are day.

İmage

Hopefully we'll see less of these on the street.

Resource Wars, Begun they have.

Quote:Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food-price inflation, according to Superfund Financial.

A lack of farmland and rising costs means growers will fail to keep up with demand, said Aaron Smith, managing director of Superfund Financial (Hong Kong) Ltd. and Superfund USA Inc. Commodities account for about 40 percent of Superfund’s $1.25 billion assets under management. Smith correctly predicted record copper prices in November and a month later rightly anticipated that silver would outperform gold.

A United Nations index of world food prices jumped to a record last month, contributing to riots across northern Africa and the Middle East that already toppled leaders in Egypt and Tunisia. Global food security is threatened by “excessive price volatility and speculation,” farm ministers from 48 countries said in a joint statement after meeting in Berlin in January.

“There’s a tremendous shortage of food, there’s a tremendous shortage of arable land,” Smith said in interview in London. “Any kind of food products are going to increase....

Arabica coffee traded on ICE Futures U.S. in New York almost doubled in the past year and traded at $2.663 a pound at 7:33 a.m. local time. Raw-sugar futures advanced 51 percent to 27.03 cents a pound, while cocoa is little changed at $2,960 a metric ton.

Coffee prices jumped after wet weather damaged crops in Colombia and on forecasts for a smaller harvest in Brazil, the world’s largest exporter. Sugar gained after floods in Pakistan and Australia and cocoa advanced as fighting after elections in November disrupted exports from Ivory Coast, the largest grower.”

Blame it on too many people not enough land, But I would point the finger at 'ICE Futures' a Goldmann Sachs run Cartel speculators on commodities. Who drive the price up or down as they see fit.

Easter Island Earth, here we come.
05-17-2011, 08:28 PM #4
Ghostie Member
Posts:1,074 Threads:212 Joined:Mar 2011
[quote='Prometheus' pid='9111' dateline='1305651467']
I don't need Coffee, people like me and Mr Sheen, wake up every day and have a cup of 'winning' tiger blood to start off are day.

İmage

Hopefully we'll see less of these on the street.

Resource Wars, Begun they have.

[quote]Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food-price inflation, according to Superfund Financial.

A lack of farmland and rising costs means growers will fail to keep up with demand, said Aaron Smith, managing director of Superfund Financial (Hong Kong) Ltd. and Superfund USA Inc. Commodities account for about 40 percent of Superfund’s $1.25 billion assets under management. Smith correctly predicted record copper prices in November and a month later rightly anticipated that silver would outperform gold.

A United Nations index of world food prices jumped to a record last month, contributing to riots across northern Africa and the Middle East that already toppled leaders in Egypt and Tunisia. Global food security is threatened by “excessive price volatility and speculation,” farm ministers from 48 countries said in a joint statement after meeting in Berlin in January.

“There’s a tremendous shortage of food, there’s a tremendous shortage of arable land,” Smith said in interview in London. “Any kind of food products are going to increase....

Arabica coffee traded on ICE Futures U.S. in New York almost doubled in the past year and traded at $2.663 a pound at 7:33 a.m. local time. Raw-sugar futures advanced 51 percent to 27.03 cents a pound, while cocoa is little changed at $2,960 a metric ton.

Coffee prices jumped after wet weather damaged crops in Colombia and on forecasts for a smaller harvest in Brazil, the world’s largest exporter. Sugar gained after floods in Pakistan and Australia and cocoa advanced as fighting after elections in November disrupted exports from Ivory Coast, the largest grower.” [/quote]

Blame it on too many people not enough land, But I would point the finger at 'ICE Futures' a Goldmann Sachs run Cartel speculators on commodities. Who drive the price up or down as they see fit.

Easter Island Earth, here we come.
[/quote]screw starbucks tim hortons coffee is the best!

05-17-2011, 09:21 PM #5
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
coffeetime.gif

Biere.



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