Coffee prices on the rise

NEW YORK (CNNMoney.com) — You may soon find yourself paying more for your morning coffee – if you aren’t already.

A trifecta of bad news has sent coffee futures soaring 44% since June, and companies such as Dunkin’ Donuts, Green Mountain and Maxwell House are passing on those costs.

Bad weather in South America is threatening crops. Brazil and top exporter Vietnam are talking about hoarding their stocks. And U.S. stockpiles are reportedly at 10-year lows.

That means higher prices for U.S. coffee companies, which, in turn, may mean higher prices for consumers.

Russian grain ban angers traders

http://www.ft.com/cms/s/0/4a47ed9a-a898-11df-86dd-00144feabdc0.html

Workers at Novorossiysk, a sprawling port on Russia’s Black Sea coast, were rushing at the weekend to load a last ship with grain before an export embargo kicked in.

Analysts said the embargo had enraged grain traders and ports that have flourished during bumper harvests in the past two years. “Everything was working like a Swiss clock – and then it was stopped in one minute by a decree,” said Dmitry Rylko, the director of the Institute for Agricultural Market Studies, a Moscow-based consultancy.

Moscow announced the grain export ban early this month as an extreme heatwave and drought destroyed more than one-fifth of Russia’s grain crops and wildfires swept across the European part of the country.