Raw coffee beans are at the lowest price for 12 years due to a bumper crop and soft Brazilian currency, but Australian coffee aficionados won't be getting cheaper flat whites.
Perhaps spare a thought, however, for coffee farmers in developing economies who are facing poverty until prices rise back above $US1 per pound (455 grams). While demand for coffee is high, prices on open markets are under pressure and speculators are taking advantage of the situation by betting on further falls.
Senior commodity analyst with Rabobank, Carlos Mera, says coffee prices are low because of big crops in both Brazil and Vietnam this season. The speculators are exacerbating the declines, he added.