Coffee defies commodities slump
Robert Laing
Published:Sep 26, 2008
The Times (New Zealand)
NEVER mind gold or oil, buy coffee. The ‘‘coffee and tea” item in August’s producer price index basket showed the biggest month-on-month jump of 12.6 percent.
Coffee defied August’s general slump in commodity prices, which saw crude petroleum and natural gas fall 7.8 percent, bringing oil’s annual inflation to zero.
The
Original post by Robert