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Tomato Prices Increase by 40% Compared to Last Year

Tomato prices in the U.S. have surged nearly 40% year-over-year, reaching a record high of $2.69 per pound. Contributing factors include a newly imposed tariff on Mexican tomatoes, production challenges due to weather and disease, and increased transportation costs linked to rising oil prices.

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David Branch Brett Massimino Phillip Coles Phil Lempert

Our neutral summary

Tomato prices in the U.S. have surged nearly 40% year-over-year, reaching a record high of $2.69 per pound. Contributing factors include a newly imposed tariff on Mexican tomatoes, production challenges due to weather and disease, and increased transportation costs linked to rising oil prices.

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Tomato prices surge 40%...

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Tomato Prices Increase by 40% Compared to Last Year