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Coffee Prices and Scare Mongering

Posted by 49

After hearing reports on the news about coffee rising 70c per cup, I thought I had better explain a few things. The reason for all this talk is that the commodity futures price for coffee has spiked massively from $1.35/lb to $2.02/lb in the last 2 months. What this actually means. Most coffee is bought and sold on futures prices. Coffee futures is a commodity price on the NASDAQ and fluctuates like any share market. It can go up or down based on supply and demand. In 2011 we saw prices hit a record high price of over $3/lb due...

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