Hurricane Katrina Helps Coffee Growers

Associated Press

BOGOTA, Colombia (AP) - Hurricane Katrina may have destroyed about 1.5 million sacks of coffee stored at warehouses in New Orleans, raising the global price of coffee and benefiting coffee growers across the world, officials said Friday.

"There were about 750,000 sacks of coffee in New Orleans certified by the New York Board of Trade and private importers had a similar amount," said Gabriel Silva, head of Colombia's National Coffee Federation.

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