Tragedy!
Coffee prices are set to surge to their highest levels in years as traders and roasters wake up to the full extent of hurricane damage to stocks held in New Orleans, industry sources said. Prices for arabica coffee, currently around $1 a pound, could surge above $1.45 a pound in the coming months with a long-predicted shortfall in beans made worse by the huge losses predicted in New Orleans warehouses and roasting plants, analyst Judy Ganes said Tuesday.I thought Hurricane Katrina was horrible before, but now we see that the devastation in New Orleans was only the least of our worries. My God, how will we in the Pacific Northwest survive this nightmare! Damn Karl Rove and his evil weather machines! Damn him! (via Faynights)
posted by Dave Justus | 9/13/2005 02:28:00 PM
4 Comments:
I am just going to curl up and die. Life is now over.
omfg...
expensive coffee?
*glances at coffee IV, which has kept her alive during her computer crises this month, and starts to worry*
Not entirely sure that this isn't yet another case of CNN hand-wringing.
A temporary increase in the wholesale price of coffee will likely be unnoticed in the price you pay at the store and by the time it would have had an effect, Millstone, Starbucks and the like will be happily receiving their shipments via Seattle and San Diego.
Oh thank God!
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