Many Londoners can’t face the day without their favorite brew. But lately there’s been more buzz about coffee than just the caffeine.
In 2010 the price of Arabica beans (used to make specialty coffee) soared. This trend has continued into 2011 and those in the coffee business are feeling the burn.
According to the International Coffee Organization’s (ICO) February report, Arabicas are averaging over $2.80 per pound – a 75 percent increase from this time last year and the highest since 1977.
