Matthew Dalton, Jim Carlton and Sha Hua reported on the front page of today's Wall Street Journal that, "Severe droughts across the Northern Hemisphere stretching from the farms of California to waterways in Europe and China are further snarling supply chains and driving up the prices of food and energy, adding pressure to a global trade system already under stress."
By Archie Hunter and Tatiana Freitas (Bloomberg) — In the coffee trading world, a ship steaming across the Atlantic Ocean is garnering a lot of attention. A break-bulk vessel named Eagle.
A global shortage of beans is already threatening to push up prices at cafés and supermarkets. Now, your cup of joe might start leaving a bitter taste for…
By Fabiana Batista and Marvin G. Perez The price of a cup of coffee keeps rising and nobody seems to care. Prices for arabica beans are up 50 per cent in the past 12 months, hitting seven-year highs in July after drought and frost damaged crops in top producer Brazil and signaled tight world supplies for at least two years. The rally comes as high freight costs and shipping