U.S. Tomato Prices Seen Doubling Without Mexico Accord – Bloomberg
Consumers will pay twice as much for tomatoes if the Obama administration ends a pricing accord with Mexico, according to a study from an American importers group.U.S. prices of so-called hothouse vine tomatoes would jump to almost $5 a pound from an average of about $2.50 a pound after the 17-year-old agreement ends, triggering limits on imports, according to the study released today by the Fresh Produce Association of the Americas. Mexico’s government opposes ending the deal.The Commerce Department in September, responding to a complaint from U.S. growers, issued a preliminary decision to end the accord, which has set...
Read More