Higher coffee prices? Where’s my gun?
Arabica coffee futures listed on the New York Board of Trade (NYBOT) are up about 26 percent since the middle of August when prices were at their lowest levels since late 2003.
Starbucks Corp., the world’s biggest coffee-supply chain, has already announced that it plans to increase prices before the end of the year.
Throw in higher freight costs because of $50 a barrel oil and delays at ports in Brazil, and you’ve got the makings of a real crisis.
This would be a bad time for any outside entity to mess with the U.S. You do not want to deal with 100 million angry Americans in the middle of caffeine withdrawal.