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Tuesday, May 17, 2011

Coffee prices set to soar on shortage fears

Coffee prices set to soar on shortage fears: "cup of coffee is about to get even more expensive.

The price of raw green beans has more than doubled in less than 12 months and coffee shops say they can no longer absorb the soaring costs.

Danny Erlich, co-owner of Prahran coffee roaster and retailer Ciscos Coffee, said he expected Melbourne cafes to raise the price of a cup of coffee by up to 50 cents."

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