Although expectations of record robusta coffee bean prices were set months ago, it wasn’t until last month that the price of robusta reached a seven-year high in London. What’s next? Some say arabica beans, according to an article in today’s Seattle Post-Intelligencer: Next hot commodity? Arabica coffee beans.
With record robusta prices hitting the pocketbooks of the world’s biggest el cheapo coffee purveyors (i.e., the Big Four: Nestlé, Proctor & Gamble, Kraft [Phillip Morris/Altria Group], and Sara Lee [now Massimo Zanetti Beverage USA]), suddenly the higher quality arabica beans seem more attractive. Some analysts anticipate that this will cause price waves in the arabica market.
Good luck at getting any one of them making better coffee.
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