The US is ending a 30-year-old tomato trade agreement with Mexico and imposing tariffs of 17% to 21%, aiming to protect domestic growers but risking higher prices and reduced choices for consumers, amid ongoing disputes over fair trade practices.
U.S. tomato prices are expected to rise due to new tariffs on Mexican imports following the termination of a long-standing trade agreement, potentially increasing costs for consumers and impacting related businesses and jobs.
US tomato prices are expected to rise due to new 20.9% tariffs on Mexican imports, potentially impacting small businesses and consumers, amid ongoing trade disputes and policy changes.
A video of an Indian vegetable seller named Rameshwar, who tearfully shared the difficulties he faces in procuring tomatoes due to the soaring prices, has gone viral on social media. Tomato prices in India have surged by 300% recently, leading to people resorting to buying from neighboring countries and even fast food chains dropping the vegetable from their inventories. Rameshwar's emotional interview highlighted the crippling impact of the price hike on his humble business and his family's survival. The video garnered widespread sympathy and offers of help on social media, reflecting the plight of many struggling individuals in the country.
Tomato prices in India have surged over 300% due to extreme weather conditions, including flooding in major tomato-producing states. The rise in prices has led to thefts of tomato crops and even caused some McDonald's outlets to drop tomatoes from their menu. The government has invited the public to a Tomato Grand Challenge Hackathon to find solutions to improve the tomato value chain and lower prices. The tomato mosaic virus has also contributed to crop damage. Prices are expected to calm down next month when the summer crop supplies arrive.
Tomato prices in India have skyrocketed by over 400% due to crop failures caused by extreme weather conditions, including scorching heat waves and heavy rains. The price increase has impacted households and restaurants, with some McDonald's outlets temporarily removing tomatoes from their burgers due to quality issues and supply shortages. Climate change is considered a driving factor behind the tomato shortage, as India experiences earlier and more prolonged heatwaves. Experts warn that the cascading effects of the climate crisis will have devastating consequences on India's agriculture, economy, and public health systems. The next tomato crop is expected to stabilize prices in a few weeks.