A beautiful, early spring means that plenty of potatoes are available for holiday repasts this year with favorable prices for consumers. Unlike 2022, potato farmers did not experience any weather disruptions this year.—thepacker.com
Tag: Equilibrium price
Footwear Prices Rise at Fastest Rate in 5 Months
In September, women’s footwear prices rose 2.1 percent and kid’s footwear prices rose 1.1 percent. That was offset by a decline in men’s footwear prices, which were down 1 percent.—footwearnews.com
Liquid Gold? Sriracha Bottles Selling as High as $80
Prices for Sriracha are skyrocketing as the prolonged shortage of the chili peppers central to the recipe of the popular hot sauce is creating a Sriracha shortage.—usatoday.com
Satisfying Your Sweet Tooth is About to Get More Expensive
Cocoa yields are underwhelming due to crop disease and heavy rains, and compared to last year’s cocoa season, this year’s is showing a reduction in production. In the year through April, chocolate prices went up 14.5% on average compared to the same period the year before.—cnn.com
Florida’s Smallest Citrus Crop in a Century
Florida’s orange trees have suffered from hurricanes, and most of Florida’s groves have been infected by greening disease, which causes trees to produce green and bitter fruit. The price of orange juice is rising. Demand for orange juice is going to decrease because consumers can’t afford it and many will not like the taste.—washingtonpost.com
Platinum Market Seen Near Million-Ounce Deficit Amid Supply Shortage
The platinum market is forecast to move to a nearly one-million ounce shortage in 2023. Automakers are creating an upswing in demand as they substitute platinum for palladium in autocatalysts. Three-quarters of mined platinum comes from South Africa, where electricity shortages have significantly curtailed the refining.—wsj.com