Coffee prices have seemed to go up between sips in the last several weeks.
Prices again surged on commodities markets yesterday after a weekend frost in Brazil wiped out 10 to 15 percent of the coffeecrop. A more severe frost wiped out 40 percent of the crop June 25-26.
On the Coffee, Sugar & Cocoa Exchange, September coffee prices rose 47 cents, to close at $2.35 a pound. Retailers said coffee prices, already up 40 percent in the past few weeks, are likely to rise again, whether the bean is from Brazil or Kenya.
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