Ketchup prices skyrocket in US| MENAFN.COM

Sunday, 25 September 2022 05:52 GMT

Ketchup prices skyrocket in US

(MENAFN) High costs on fuel and fertilizers in the US in tandem with extreme weather conditions might cause a lack of tomatoes, accordingly increases tomato sauces costs, according to Bloomberg on Saturday, quoting producers.

Based on the report, a drought-induced water lack is affecting output in the state of California, the region in charge of a quarter of the world’s production of processing tomatoes.

This is the variety consumed in the commercial output of the most popular tomato sauces, as well as ketchup.

The costs of tomato sauce and ketchup have already significantly outstripped what is already the highest inflation since 40 years in the US.

Tomato sauce last month was vending for 17percent more than in 2021, while ketchup costs have increased 23percent annually, in accord with the report.

“It’s real tough to grow a tomato crop right now… On one side you have the drought impacting costs because you don’t have enough water to grow all your acres, and then you have the farm inflation side of it with fuel and fertilizer costs shooting up,” on the words of Mike Montna, chief of the California Tomato Growers Association, as he informed Bloomberg.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.