Be prepared to pay more for your venti-sized extra-hot half-caff soy caramel macchiato at Starbucks starting soon. As the price of green Arabica coffee greens skyrockets, the company says it will raise prices for some of its more labor-intensive beverages.
Green Mountain Coffee Roasters will buy gourmet coffee roaster Van Houtte for C$915 million ($891 million).
Starbucks is exploring new ways to bring coffee lovers back, from selling CDs and instant coffee to offering free WiFi. And now, in what may be its most daring attempt yet, it's getting into wine and what it's calling "coffee theater."
Coffee prices jumped Monday as coffee futures hit a six-month high amid concern that coffee exports from Uganda, Africa's largest coffee producer, may come up short, putting pressure on global coffee supply.