NEW YORK - Hurricane Katrina devastated New Orleans and the Gulf Coast and will pound the U.S. economy with higher energy prices, commodity shortages--and even steeper coffee prices.
[...]
In New Orleans, tons of coffee--at least 1.6 million sacks--is stacked in warehouses. It's too early to tell if the beans were damaged, but judging from the extensive flooding, prospects don't look good for those looking to economize on their morning jolt of java.
Maybe the GWN will go unscathed by this, but it doesn't hurt to have a little extra bean around anyway.
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Carpe Coffee!
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NEW YORK - Hurricane Katrina devastated New Orleans and the Gulf Coast and will pound the U.S. economy with higher energy prices, commodity shortages--and even steeper coffee prices.
[...]
In New Orleans, tons of coffee--at least 1.6 million sacks--is stacked in warehouses. It's too early to tell if the beans were damaged, but judging from the extensive flooding, prospects don't look good for those looking to economize on their morning jolt of java.
Maybe the GWN will go unscathed by this, but it doesn't hurt to have a little extra bean around anyway.
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