If you’re a coffee drinker you might have to dig a little deeper into your wallet to pay for that next bag of beans.
The price of coffee futures hit a seven month high this month, driven by weather problems, high labor costs, the price of fertilizer and strong demand.
According to the International Coffee Organization, or ICO a shortfall of around 2.5 million bags of Colombian milds pushed prices of that bean up in April -- to their highest monthly average since February 1998.
And those costs typically get passed along.
Maxwell House coffee brand owner Kraft increased the price of its Colombian blend by almost 19% last month and Jose Sette, head of operations at the International Coffee Organisation (ICO), said it is possible others will follow suit.
"There comes a point when they can no longer keep delaying," he said. "It is hard to know when the other roasters will take their pricing decisions."