High Coffee Prices May Not Be Enough to Increase Production .

Some of the world's largest coffee companies are paying farmers more for the increasingly costly beans, but don't chalk it up to corporate responsibility.

Ensuring supplies of coffee in the long term is vital, even at a higher price, executives say.

Coffee prices have surged over the past year, largely due to production shortfalls, burning companies—and consumers—with higher costs.

U.S. coffee roasters and retailers Starbucks Corp., Kraft Foods Inc. and Massimo Zanetti USA raised prices last week under pressure from climbing green-coffee costs.

Arabica coffee futures on IntercontinentalExchange have risen more than 50% over the last six months after bad weather clipped output in top-producing nations such as Colombia.

Read Full Article from Wall Street Journal

- Posted: 2011-03-24 10:42:38

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