By Tyler Durden | 29 March 2022
ZERO HEDGE — Even before the war in Ukraine, a majority of American households were under pressure from record-high food inflation and consumer prices at a four-decade high. The conflict and following sanction inflation have made everything worse. One food unrelated to Ukraine and found mainly in Mexico is avocados. Prices of the fruit are now at a decade high as supplies tighten (in terms of USD).
Ahead of Super Bowl 56, on Feb. 13, the U.S. Department of Agriculture (USDA) suspended U.S. imports of Mexican avocados due to one of its inspectors being threatened by drug cartel members. At the time, we pointed out avocados prices had never been higher for the big football game.
Even though U.S. imports of avocados have been restored, prices have continued to rocket higher since Super Bowl 56. For a 20-pound box of avocados from the state of Michoacan, Mexico (the central hub of Mexican avocado production), prices soared 40% to around $38, a new decade high. […]
Post a Comment