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Shoppers will see vegetable prices drop soon

Shoppers will see vegetable prices drop soon

A nearly 50 percent increase in vegetable prices that has sent shoppers reeling in the produce aisle should ease in the coming weeks as farmers send grocers more tomatoes, lettuce and other crops.

From the San Francisco Chronicle:

A nearly 50 percent increase in vegetable prices that has sent shoppers reeling in the produce aisle should ease in the coming weeks as farmers send grocers more tomatoes, lettuce and other crops.

Vegetable prices shot up last month after cold weather in the southern U.S. and Mexico destroyed much of the winter vegetable supply, the Commerce Department said. From tomatoes in Florida to lettuce in Arizona, fruit and vegetables became frostbitten, and prices rose for the produce farmers could save.

Costs should be coming down soon, though, as crops farmers planted after the winter freezes start to reach stores, said growers, grocers and analysts. Grocers also typically switch this time of year to crops planted for spring, said Jody Shee, an analyst for the market research firm Mintel.

For more, see: Grocers say high vegetable prices should drop soon

TAGS: Outlook
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