Coffee prices hit 14-year high

Coffee prices hit a 14-year high this week, and it's only a matter of time before java lovers will have to pay more in stores and coffee shops. Coffee futures have doubled in the last year, closing at $2.46 per pound on Thursday. That's the highest price since May 1997, when coffee was trading at $3.20 per pound. "It is sad but true that higher coffee prices will be passed off to the consumer," said Hector Galvan, a senior trader at RJO Futures. "Some imagine this just as inflation, but it is a combination of the growing demand for different...