Yunnan: Coffee Crisis As Nescafe Bid Hits Five Year Low

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Kang Xiaxiao of the Morning Whistle reports that "Nestle provided a purchase price of 17.9 yuan per kilo for coffee beans produced in Yunnan over the 2012 to 2013 purchasing season on Nov. 20, which is the lowest bid in the past five years." That's about $1.30 a pound, which according to Xiaxiao, "is very close to the break-even point for coffee … [Read more...]