Breakfast Costs Poised to Increase as Coffee & OJ Surge
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The cost of breakfast beverages are poised to increase as coffee futures surge after a Brazilian drought damaged crops, while orange-juice prices climb with Florida’s output heading for a 29-year low.
The CHART OF THE DAY shows that an index comprising futures in New York for arabica coffee and orange juice climbed yesterday to a 25-month high of 378.1, jumping 51 percent in 2014. In the two years ended 2013, the gauge tumbled 37 percent.