Friday, 27 May 2011

Price of Coffee Set to Rise

Coffee sellers worldwide are raising their prices as some high quality coffees are being produced at their lowest rate in fifty years.

International giant Starbucks will see a 17 percent price hike in bagged coffee starting in mid-July, and their rise seems to be representative across the board.

But similarly to the raising price of oil, coffee drinkers are expected to keep on consuming, regardless of the hikes.

Al Jazeera's Caroline Malone reports.