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Showing posts from November 9, 2013

Coffee crunch: Sinking prices plus leaf rust equals bitter Frappuccino for farmers

Coffee growers are combating a killer fungus and rock-bottom pay. Global Post November 9, 2013 LIMA, Peru — Are you paying a fair price for your latte every morning? More than fair, you might think, given the occasional criticisms that Starbucks, the world’s most popular specialty coffee retailer, is too expensive. But try telling that to the farmers in Latin America who grow most of the world’s premium java and, in many cases, are not even making ends meet.  Current rock-bottom prices for coffee beans — below cost for many of the region’s growers — and a crushing outbreak of coffee leaf rust, a fungus that slashes harvests, are making their lives a misery. Although the picture is uneven, from the lush fields of Chiapas, in southern Mexico, to the Andean foothills, many growers are caught in the pincer. The problem is at its most intense in Mexico, Central America and Peru, which together produce roughly 30 million 132-pound sacks a year of ara...