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Rising temperatures and unpredictable rains have caused coffee yields to plummet in many of Latin America's top coffee regions...sending the price for premium beans soaring...to its highest in decades.
Colombia produced more than 12 million 132-pound bags of coffee in 2006.
Last year it was only nine million bags.
Premium Arabica beans have risen more than 85% since last June to $2.95 a pound...
causing some to predict the world may have hit “peak coffee."
ALSO: WSJ reports that some opium poppy growers in Oaxaca and Guerrero are abandoning that crop... and returning to grow coffee...because of the high price and reduced risk of violence.
http://online.wsj.com/article/SB10001424052748704623404576187264138169734.html
