The ICE coffee benchmark [ that is NOT the iced coffee benchmark though] – which measures the price of arabica, the preferred bean for espresso coffee – has fallen almost 60 per cent since its peak in May 2011, The Australian Financial Review reports.
It is down more than 10 per cent in the year to date, falling below $US1.30 a pound, on the prospect of a record crop in Brazil and heavy shorting by speculative traders.
Robusta coffee prices are falling faster and further. This is mostly used in instant coffee and other coffee blend mixes and drinks.
So...............do not expect your local cup of coffee to decline. BUT, if they want to increase the price at least complain loudly!
More detail is here - http://www.queenslandcountrylife.com.au/news/agriculture/horticulture/general-news/arabica-coffee-prices-drop/2659451.aspx
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| will YOUR coffee price fall? |
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