Vox:
Over the last few months, the cost of coffee has risen dramatically. Since January, the average price of coffee futures on commodity markets has increased by more than 50 percent.
It’s taken a while for this to be reflected in the retail price of coffee, because roasters generally have a few months’ stock of beans on hand. But we’re finally beginning to see slight increases in retail prices of coffee too.
So what are the causes of this recent price increase?
Oh, this is going to suck.
Well, just like alcohol and tobacco. . .just QUIT! They’re all killing you anyway.
Coffee is good for you- well, definitely good for me! I don’t touch tobacco or alcohol, and I’ll find a way to maintain my quality of life, including my coffee!
It will suck, and it won’t just be the coffee crop that’s affected by the sort of events described in the article.
How much was paid for coffee (or any commodity) in stock is meaningless. It’s the replacement cost that matters. Nobody is going to sell a commodity for less than they will then have to pay to replenish their inventory. That would be stupid.