30

Market prices for coffee, orange juice hit record highs, fueling sharply higher bills for some grocery staples

Paywall removed: https://archive.is/8vYWj

you are viewing a single comment's thread
view the rest of the comments
[-] expatriado@lemmy.world 10 points 4 days ago

my breakfast is limited to only 4 avocado toasts and a venti cappuccino from starbucks, so i should be ok

[-] tal@lemmy.today -1 points 4 days ago* (last edited 4 days ago)

https://fred.stlouisfed.org/series/WPU01110205

Avocado prices appear to be remarkably volatile. I had no idea.

I guess you can't really preserve an avocado much, so you can't do much to spread out time of consumption from times where there's a lot of supply relative to demand to times when there's only a little.

kagis

https://www.wgbh.org/news/international-news/2024-12-23/why-trumps-tariffs-on-mexico-would-mean-higher-avocado-prices-at-the-grocery-store

Of all the products that would be affected by President-elect Donald Trump’s proposed tariffs on Mexico, avocados stand out: 90% of avocados consumed in the U.S. are imported. And almost all of those imports come from Mexico.

Trump has said he plans to impose a blanket tariff of 25% on imports from Mexico and Canada, along with an additional 10% tax on goods from China.

Regardless of these potential price increases, however, people in the U.S. love their avocados and they’re willing to pay more. Avocado consumption tripled in the U.S. between 2000 and 2021.

“Given that avocado is a staple of our consumption here, I would say that the elasticity is not very high, meaning that even with a big increase in price, consumption is not going to change that much,” says Luis Ribera, a professor and extension economist in the agricultural economics department at Texas A&M University.

[-] Mouselemming@sh.itjust.works 1 points 4 days ago

Feeling very fortunate to live in SoCal where avocados are a local crop, even grow in backyards.

[-] doingthestuff@lemy.lol 2 points 4 days ago

Oh man I'm in Ohio and sometimes I'll overpay for a few avocados and they're all bad. When I can find quality avocados at a decent price I feel like I won the lottery.

this post was submitted on 02 Jan 2025
30 points (74.2% liked)

News

23748 readers
2763 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS