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September 7, 2005
New Orleans food biz update
Courtesy of Specialty Foods Magazine's newsletter:
Coffee prices are set to surge to their highest levels in years as traders and roasters discover the full extent of hurricane damage to stocks held in New Orleans, industry sources said. Prices for arabica coffee, currently around $1 a pound, could surge above $1.45 a pound in the coming months, reported CNNMoney.com. Full StoryAmerican grain shipments have been exiting the Mississippi River headed for overseas markets after being stalled by Hurricane Katrina. In addition, vessels full of imported goods have been unloading their wares at alternate ports eager for the business. At a staging area near the river's entrance, the number of idled ships dwindled to 19 on Sept. 6 from 86 about a week earlier, reported The New York Times on the Web. Full Story (Free Registration Required)
Cookie Jill, over at Cookies in Heaven, continues to do a terrific job keeping us up to date. Lots of good links, so check her out.
Posted by The Pragmatic Chef at September 7, 2005 12:11 PM
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Food news