Coffee Jumps to 12-Year High

Image by dennis.tang via FlickrArabica coffee for September delivery climbed 0.8 percent to $1.8655 a pound in New York, after earlier reaching $1.8865, the most since Sept. 11, 1997. Robusta beans for November delivery advanced 1.3 percent to $1,815 a metric ton (82.33 cents a pound) on NYSE Liffe in London, after earlier trading at $1,838 a ton, the highest price since Nov. 5, 2008.

--bloomberg.com