Coffee Fungus Could Raise Prices For High-End Blends
The U.S. government is stepping up efforts to help Central American farmers fight a devastating coffee disease and hold down the price of your morning cup.
At issue is a fungus called coffee rust that has caused more than $1 billion in damage across Latin American region. The fungus is especially deadly to Arabica coffee, the bean that makes up most high-end, specialty coffees.
It is already affecting the price of some of those coffees in the United States.
Washington estimates that production could be down anywhere from 15 percent to 40 percent in coming years, and that those losses could mean as many as 500,000 people could lose their jobs.
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