Good Morning! The Cost of Your Breakfast Just Went Up Tuesday,
22 Apr 2014
The cost of breakfast is poised to increase as coffee
futures surge after a Brazilian drought damaged crops and orange-juice prices
climb with Florida’s output heading for a 29-year low.
[...]
To start this year, Brazil, the world’s top coffee and
citrus grower, faced the most severe drought in decades. In Florida, the
second-biggest orange grower, a gnat-sized insect spread citrus greening,
causing fruit to wither and drop early. Prices for bacon, eggs and milk have
also climbed, and surging meat and dairy are helping to spur the fastest gain
in U.S. consumer food costs since 2011, government data show.
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