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

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

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[-] Emberleaf@lemmy.ml 64 points 2 days ago

No, the price of food is what's busting your budget.

[-] plz1@lemmy.world 24 points 2 days ago

I read that headline, and your comment, and immediately inferred WSJ is victim-blaming people just for eating breakfast. The sheer audacity of it...

[-] tal@lemmy.today 5 points 2 days ago

The article is talking about factors going into why the prices are high.

[-] Zachariah@lemmy.world 21 points 2 days ago

is it the greed
or is it the record profits

[-] metaStatic@kbin.earth 10 points 2 days ago

Curve ball, it's climate change being priced into futures contracts.

[-] catloaf@lemm.ee 3 points 2 days ago

And non-climate crop problems, like citrus greening. Last I heard, it had nearly destroyed the Florida orange industry.

[-] prex@aussie.zone 1 points 1 day ago

How have you guys been affected by varroa mite?
Its landed here in aust & we are failing at containment/eradication.

[-] catloaf@lemm.ee 1 points 1 day ago

Apparently we have it in the US, but I haven't heard of it being a major problem. But it seems to be one factor contributing to colony collapse.

[-] Mouselemming@sh.itjust.works 2 points 2 days ago

Bird flu, too.

[-] mlg@lemmy.world 16 points 2 days ago

The funny thing is this article is still a big upgrade from their previous edition.

[-] barkingspiders@infosec.pub 34 points 2 days ago

was it time to blame the poors for their own poverty again?

[-] Iheartcheese@lemmy.world 13 points 2 days ago* (last edited 2 days ago)

LOL you can't afford coffee

-wsj

[-] FlyingSquid@lemmy.world -1 points 2 days ago

I can't believe I'm saying this, but... to be fair to the Wall Street Journal, it read like an article with basic factual information. It even talked about why this is bad for Trump.

[-] rumba@lemmy.zip 1 points 1 day ago

The article is an example of selection bias. Prices are up on most groceries, manufacturers are reaping record profits.

Well, coffee had a disease issue and oranges have weather problems so let's focus on those.

This isn't to say that the article isn't being truthful and what they are saying but they are specifically trying to paint a picture to hide corporate greed.

[-] SquatDingloid@lemmy.blahaj.zone 1 points 2 days ago

Nobody's accusing them of printing non factual info, the billionaire owned paper is phrasing the symptoms of wealth inequality as the fault of poor people for eating food.

They don't want to point the finger at the people responsible because they are owned by those people.

Nothing will meaningfully improve until the rich fear for their lives.

[-] Zier@fedia.io 14 points 2 days ago

Prices won't effect me. I have heroin & doritos for breakfast.

[-] JackFrostNCola@lemmy.world 4 points 2 days ago

You disgust me, no salsa‽

[-] Zier@fedia.io 1 points 2 days ago

OMG!!! I gotta try that. Habanero!

[-] givesomefucks@lemmy.world 18 points 2 days ago

$1/week to read stupid articles online?

The savings add up...

[-] tal@lemmy.today 10 points 2 days ago

Wait, the Wall Street Journal is only $4/month? That's much cheaper than access to any other online newspaper that I've seen, and I'm pretty sure from memory that their paper subscription is relatively expensive compared to that of most newspapers.

investigates

Ah. That's just the promotional rate for the first year. Apparently then it goes up to $39/month.

[-] expatriado@lemmy.world 10 points 2 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 2 days ago* (last edited 2 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 2 days ago

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

[-] doingthestuff@lemy.lol 2 points 2 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.

[-] dugmeup@lemmy.world 8 points 2 days ago

Hahaha I don't eat breakfast cause I am a poor pleb.

[-] jaxiiruff@lemmy.zip 5 points 2 days ago

Not for me, my breakfast is 2 granola bars and a snack size apple juice. I dont really like breakfast anyway so it seems to work for me.

[-] Jimmycakes@lemmy.world 4 points 2 days ago

Just go to Starbucks and grab any of the 15 cups of coffee in pickup area and go. Imagine buying coffee when Starbucks exists

[-] Sterile_Technique@lemmy.world 7 points 2 days ago

The downside to that approach is that the coffee it gets you is from Starbucks.

[-] Jimmycakes@lemmy.world 1 points 2 days ago

Yeah it's shit coffee but think of all the oj you can buy with the savings!

[-] dan1101@lemm.ee 3 points 2 days ago

My breakfast is water and a piece of cookie at 10 am. So not a big expense.

[-] tal@lemmy.today 2 points 2 days ago

Cookie dough has eggs, and avian flu has been pretty bad for egg prices.

[-] jordanlund@lemmy.world -4 points 2 days ago

I mean, I don't drink coffee or orange juice, but I could see how other people would be impacted.

[-] Mouselemming@sh.itjust.works 3 points 2 days ago

Separately, bird flu has egg prices up again. Which may or may not affect you.

this post was submitted on 02 Jan 2025
29 points (74.6% liked)

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