News

Caffeine high: bean price skyrockets

BEAN FACTS: Alowishus Delicious says the rise of coffee bean prices will not necesarily mean a rise in price of a cup of coffee. Pictured here is staff member Amy Baldwin. Photo taken on Wednesday, 8 October 2014. Photo: Max Fleet / NewsMail
BEAN FACTS: Alowishus Delicious says the rise of coffee bean prices will not necesarily mean a rise in price of a cup of coffee. Pictured here is staff member Amy Baldwin. Photo taken on Wednesday, 8 October 2014. Photo: Max Fleet / NewsMail Max Fleet

WITH coffee bean prices hitting a 2½-year high, some coffee lovers are concerned it could impact the cost of their regular morning brew.

Arabica-coffee prices peaked on Tuesday at $US2.20 a pound on the ICE Futures US exchange, the highest level since February 2012.

And with industry analysts predicting dry weather in Brazil, the world's biggest coffee bean producer, concerns have been raised that takeaway coffees could increase.

However, Bundaberg's Alowishus Delicious owner Tracey McPhee said while the cost of a cup of coffee could rise, it would be because of other contributing factors including labour and electricity costs.

"In the cafe industry, especially in regional Queensland, when you do open after 9pm at night, on the weekend or public holidays there are different penalty rates," she said.

"In recent times, we have seen more cafes opening for longer trading hours over weekends and evenings. If anything we may see a reduction in those hours."

Mrs McPhee said she did not expect the rise in coffee bean prices to impact her directly.

"We source premium beans so there is more margin there for the roasters," she said.

"So I don't think we will be impacted as much as the lower end brands."

This comes as new research, published in Molecular Psychiatry, analysed 120,000 regular coffee drinkers identifying six genes associated with our love, or otherwise, of coffee.

Two of the genes are involved in caffeine metabolism, two are thought to influence the effects caffeine has on the brain, and two are involved in sugar and fat metabolism which may explain why some people need a cup of coffee a day and others don't.
 

Topics:  coffee, penalty rates




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

OPINION: How to prepare your child for day care

Your kids will love childcare, but it may take some adjusting.

GETTING your child ready for day care is vital.

MUMS' TOP 5: 'Musts' to have on your childcare checklist

SOME FALL SHORT: Organisations that train childcare workers will be subjected to extra audits.

SENDING your child off to day care can be daunting and confusing.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

FACES OF BUNDY: Caitlyn cultivates dream career

CANE TRENDS: Bundaberg Canegrowers' Caitlyn Killick at AgroTrend.

Something different every day in role

Weekend police round-up: moped rider charged

BLOODY IDIOT: Police charged a man with drink-driving after he blew .196 on Saturday.

Man almost four times over limit

Cold shock as temps dive below 6 in Bundaberg

CHILLY: Steam rising off the Burnett River at Cedars Crossing, South Kolan, on Sunday morning.

June six degrees colder than average

Latest deals and offers

WIDE BAY LEAGUE: Cameron Hanrahan talks about United Warriors' win

WIDE BAY LEAGUE: Cameron Hanrahan talks about United Warriors' 4-3 win over Sunbury...

Darren Pratt Local Farmer

LOCALLY GROWN: Darren Pratt with his box of fresh local produce.Photo: Mike Knott / NewsMail

LOCALLY GROWN: Darren Pratt with his box of fresh local produce.

Justice Lucy McCallum

Justice Lucy McCallum

Justice Lucy McCallum says she reduced Oliver Curtis's sentence due to comments...

Is this state’s cheapest house?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward

CHEAP AS CHIPS: 6 Bundy houses under $199,000

Cheap houses being sold in the region