Food And Drink Prices To Soar By Addison Wiggin 08/30/10 Baltimore, Maryland – Today’s report begins with an abominable horror: The world’s most valuable commodity has soared to its highest price in a generation. Coffee futures are approaching a 13-year high of $1.88 today. And the case for more expensive coffee is growing stronger every week: Columbia had a smaller-than-normal harvest last year, and dry conditions in Brazil this year have pinched supply even tighter. Demand for this delicious, addictive stimulant is (naturally) growing. Thus, stockpiles at Intercontinental Exchange-certified warehouses are down 35% this year and swill makers like Maxwell...
