Coffee Prices Jump to Highest Level in Over a Decade

(NEW YORK) -- Consumers may soon be shelling out more cash to pay for their morning cup of joe.
Coffee prices are now at their highest levels in 14 years.  Within the last year alone, prices have risen 100 percent.
"Prices have been rising steadily over the last four or five years," Jose Sette, head of the International Coffee Organization, told ABC News affiliate WABC-TV in New York. "But these price rises have accelerated since May."
The reason behind the spike is attributed to unsuccessful harvests in Columbia.
"Coffee prices are high primarily because we have had three disappointing harvests in Columbia in a row and Columbia is the biggest producer of fine quality coffee," Sette said.

(Source: http://www.670kboi.com/rssItem.asp?feedid=114&itemid=29639299)