Tomato prices in the United States rise to about $2.69 per pound in April, the highest level seen in roughly four decades, according to Bloomberg. The increase is part of a wider pattern of higher costs across fresh produce, including vegetables such as cauliflower and lettuce. Bloomberg’s reporting features Jacob Krempel, senior vice president of procurement and merchandising at wholesale food distributor Baldor, who discusses where the U.S. tomato supply comes from and what factors contribute to higher prices at grocery stores. The segment also considers how restaurants respond to fluctuating produce costs and notes the appearance of newer tomato varieties that can affect supply and consumer demand. While the sources focus on the magnitude of the tomato price increase and its timing, they frame the episode as a supply-chain and market issue that extends beyond a single product, reflecting broader pressures in fresh food procurement and pricing.
Tomato prices hit highest in four decades amid broader fresh produce inflation
Tomato prices in the United States rise to about $2.69 per pound in April, the highest level seen in roughly four decades, according to Bloomberg. The increase is part of a wider pattern of higher cos...
- In April, tomato prices reach about $2.69 per pound, the highest in roughly four decades.
- The tomato increase is accompanied by higher prices across other fresh produce items, including cauliflower and lettuce.
- Jacob Krempel of Baldor discusses factors affecting tomato supply and grocery prices.
- The reporting covers how restaurants manage fluctuating produce prices.
- Newer tomato varieties are part of the discussion around supply and market dynamics.
In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. So what's driving the price spike? Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, joins Tracy Alloway and Joe Weisenthal to unpack why consumers are paying more and more at the grocery store. (Source: Bloomberg)
9 hours agoIn April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. And tomatoes aren't the only food getting more expensive. From cauliflower to lettuce, fresh produce is spiking all over the place. So what's driving the price spike? And what can tomatoes teach us about America's political economy, including changes in trade and tariffs? Our guest today is Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, and an expert in securing fresh produce. We talk to him about where America's tomato supply actually comes from, why consumers are paying more and more, how restaurants navigate price fluctuations, and the influx of novel new tomato varieties. (Source: Bloomberg)
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