Around 96,000 tonnes of coffee are estimated to have been lost in the flooding in New Orleans, with the International Coffee Organisation forecasting a rise in coffee prices. The loss represents about 8% of the world’s coffee supply and is thought likely to take a year to replace. New Orleans stores both Arabica and Robusta green coffee valued at between $100m (£56m) and $160m. It is not thought that any price increases will be passed down to the consumer, with Starbucks saying that costs of labour, rent and milk were greater than its spend on coffee.