Monday, May 09, 2011

The daily cup becoming an expensive habit

The Boston Globe reports:
There’s a jolt hitting coffee drinkers, and it isn’t just the caffeine.

The price of coffee beans is at a historic high, as droughts and heavy rain in the world’s leading coffee-producing regions limit supply, while a growing taste for coffee over tea in Asia fuels demand.

Restaurants and cafes have raised their prices, tacking on anywhere from 5 to 20 cents a cup in recent weeks. The escalating price of the popular Arabica bean has affected almost all coffees, from Maxwell House to organic blends.