This summer is expected to bring a major shake-up in tomato pricing, as a 17.09% tariff on Mexican imports takes effect, threatening to disrupt a $3 billion market that supplies 70% of U.S. tomatoes. Importers predict higher costs and fewer choices.
The latest FI Fast Break news podcast touches on thawing trade tensions between the U.S. and China, and more trending industry news.
Facing a volatile egg market, the USDA is leveraging global partnerships to stabilize U.S. supplies amid sanitation challenges, bird flu impacts, and tariff threats, with egg imports from countries like Turkey and South Korea. Complex trade opportunities remain for food industry leaders to navigate.
Egg prices have reached record highs due to the bird flu outbreak, which has sent restaurants scrambling. Establishments like Waffle House have introduced surcharges, while others have gotten creative and found alternative strategies to manage costs.
The latest FI Fast Break news podcast notes food manufacturers’ big plans to tap into the gut health trend, Valentine’s Day trends, and more.
Egg shortages and soaring prices are being driven by the double whammy of severe weather and the bird flu, which has wiped out millions of birds and tightened supplies nationwide. As a result, grocers are implementing measures like purchase limits.
Bioengineers have developed a farming method that essentially replaces photosynthesis with a solar-powered chemical reaction, which could enhance sustainability and restore ecosystems.