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Coffee Prices Hitting ALL TIME High

By Melissa Pitts

September 8, 2013 at 1:42pm MST

Boston Globe: 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. Read more here.