New black gold? Coffee price soars in 2014, leaving oil & metals trailing

coffee-beans

While the world’s most popular energy sources – oil and gas – have seen prices sliding in 2014, another commodity – coffee – has leapt in price.

Bad news for coffee fans and drinkers, but music to investors’ ears – droughts in “coffee” countries have sent the price of now precious beans soaring.

The coffee price grew by 49 percent by October, when it reached $2.29 per pound, according to the data from the financial visualization service FinViz. The beloved morning drink is followed by Feeder Cattle which saw a 32 percent rise.

Source: rt.com

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