date:Feb 25, 2014
The past week has seen the equivalent of the total worlds annual coffee product traded in a five-day period, creating panic buying.
Origin producers have also begun withdrawing from the market in anticipation of higher prices in the future, according to Australian coffee roasters Griffiths Coffee.
The increase in coffee bean prices will have an immediate effect on spot prices for beans across the board, especially speciality varieties, with coffee bean prices this month alone increasing by 25