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Coffee Prices Increasing, Local Businesses Question How To Make Up The Difference

Posted: Thursday, September 16th, 2010 at 6:28 am

Coffee prices have returned to nearly 13-year highs, with bean futures up 35% since June. Back to back crop problems in places like Columbia have whittled down global supplies.  Gina Richardson owns Washington’s Coffee Corner.  Her coffee supply has gone up nearly a dollar per pound, but she isn’t charging customers the difference.  Richardson says sometimes business owners have to take a hit in order to keep customers, but repetitive price increases will eventually lead to higher costs for consumers.  A large coffee harvest is expected from Brazil, which could relieve current prices.