Coffee, sugar, cocoa: Five-ten-fold price increase may come?

According to the latest forecasts, by 2014 the coffee, sugar and cocoa prices will increase to their five-ten-fold. In the key production areas, production is decreasing, because it is more and more expensive to maintain the plantations.

The price of coffee has increased to fivefold in the summer of 1994, and between February 2002 and spring 2005 more than tripled. The price of sugar quadrupled from June 2002 to February 2006 and tripled from June 2007 until February 2010. Cocoa prices increased by 240 percent between December 2000 and January 2003. The price of coffee is continuously rising, because too much rain has fallen in Colombia and Brazil – reports Népszava Online.