By Claudia Carpenter Bloomberg December 19, 2010 Arabica coffee prices after last week’s jump to a 13-year high may be set for a “straight up vertical spike” to a record $4 a pound with daily gains of 50 cents a pound, researcher Shawn Hackett said in a report. Coffee is no longer a “value commodity” and roasters are facing a “panic stricken demand rationing orgy,” Hackett, president of Hackett Financial Advisors Inc. in Boynton Beach, Florida, wrote in a report e-mailed yesterday. Rains in Latin America will likely keep production from exceeding output for the last two years, he wrote. Coffee futures in New York on Dec. 17 jumped to the 13-year high of $2.267 a pound. Rice, cocoa, lumber, milk and natural gas are commodities that still have “pockets of value,” according to Hackett. --- To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net