you re watching world business today on cnn. it s midmorning near london. time for a pick me up and something to digest before you take your coffee break. coffee prices are eating up starbucks is the latest coffee brand. announce a price hike with packages going up 17% in july. other major brews increased prices as well. the culprit, inclement weather, likely to mean more smaller crops of the green cup used to make most popular blends. unless conditions improve, prices could keep rising. supply fears have sent coffee futures higher up 95% over the past year. so have you decided you want that cup, anyway? you re not alone. consumption rose to a record high last year. that s interesting, charles, that consuming, despite rising prices. the searing cost of coffee is
the president left the city. ja jacob zuma held talks. more than 100 military officers including 100 army generals defected to the opposition. and russia, importing vegetables including crucumbers. more than 1,000 deaths. the outbreak originated in organic cucumbers from spain. those are the headlines. i m zain verge any london. world business today starts now. captions by vitac www.vitac.com good morning from london. here are our headlines, this tuesday, may the 31st. more crying foul overshadowing fifa s one-man presidential race. economic growth in india slows, putting the squeeze on manufacturing. and cubans wake up and smell the rising price of coffee, as a bizarre concoction make as comeback. and doesn t seem in think his is in crisis but in the ongoing mire of controversy, undoubtedly he s in the minority. at the top of fifa, fans, sponsors and other stakeholders agree it s time for the tarnished institution to clean up its act. inside, slightly
so when investors see a short supply but rising demand, they buy it. what do you get? you get the price of coffee futures doubling in the past year. and of course when you see tonight store shelf, it rises too. in fact, the retail price is up more than 50%. for the past year, brooke. over 50%? my gosh. that s a lot. yes, yes. but look, you haven t even noticed. you just buy it any way. it s a necessity, don t you think? i don t drink too much. just a little bit. alison kosik, thank you so much. now to this. a 6-year-old boy disappears. then his mother apparently kills herself and leaves behind a note. now not only are investigators releasing new video, but the search has just shifted that is ahead. also, what did casey anthony s ex-boyfriend say today on the stand that caused her to burst into tears. sonny hostin has been watching this all day long. she is next. network all across .
ho horrific tragedies befallen babies. midwest, parents who have been missing children for days now, now know the worst. a want you to listen to something. a father who had already lost one son in the tornado that hit their oklahoma town. his pregnant wife and young daughter, they are still in the hospital. he was out of town on sunday for work when the tornado hit. listen. hello, i m hank hamill. and we found my other son this morning, ryan. he was floating in water on the west side of the lake. i just want to thank everybody for helping and being there. it s a bad deal. i lost both my boys. i was hoping we would find ryan today alive. ryan was my little buddy, cole was, too. i loved them both. i just want to thank everybody again for helping, all they ve done. thanks. in another part of the country the story of a 2-year-old who went missing and found dead has captured our attention for the past three years. little caylee anthony here. her mother, casey, is on trial for