Americans Brace For Shock Surge In Everyday Food Prices

Saturday, April 27, 2019
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sat, 04/27/2019

The ‘patient’ Fed has been lamenting the “lack of inflation” for far too long. It is about to get its wish.

American food merchants are struggling to import fruits and vegetables from Mexico as wait times at port of entries along the Mexico–US border have surged because of a shift in Customs and Border Protection (CBP) personnel away from the port of entries to remote regions of the border to fight illegal crossings. As a result, shipments of food have dramatically declined in recent weeks, and the result is an imminent spike in imported food prices in the coming months that could put a sizeable dent in consumer wallets.

Fruit and vegetable importers that wholesale to grocery stores throughout the US, could inflate prices by at least 20% to 40% if the wait times continue, with avocado prices already soaring (see “Mexican Avocado Prices Explode By Most In A Decade After Trump Border Threat”).

And it’s not just avocados: cucumbers, eggplants, bell peppers, squash, cherry tomatoes, watermelons, and most other fruit and vegetables imported from the tropics would be affected.

“(The) Mexican border, it’s one of the most important crossings to the United States,” said Joshua Duran, Amore Produce sales representative.

About 43% of all US fruit and vegetables originate from Mexico. In the last several decades, Mexico has become the top trading partner with the US. Much of the US-Mexico commerce involves mega-corporations that send products back and forth across the border as part of a critical segment of their supply chain that has increased since the North American Free Trade Agreement (NAFTA) took effect in 1994.

This month [April], distributor Amore Produce truck drivers hauling product from Mexico have experienced a 300% wait time at the various port of entries along the Mexico–US border, stuck in line for up to 15 hours.

“Now we are having a lot of problems in the border,” Duran said. “So, let’s say we used to have like five hours. We’re getting 10 or 15 hours to pass that truck to the United States…one or two (gates) are not enough to get all the entire trucks coming from Mexico and not only for produce, for all the products that people here in the United States get from Mexico.”

Increase wait times have depleted cold storage inventories of McAllen Produce Terminal Market, located just 20 minutes from the border. Duran said the importer cannot ship fresh produce across the country anymore becuase their truck drivers are waiting almost a day to move product across the port of entry – by the time it makes it to the US, the produce won’t make it fresh to the wholesaler.

“We couldn’t get it here and we couldn’t send it to the customers in the north,” Duran said.

The Rest…HERE

One Response to “Americans Brace For Shock Surge In Everyday Food Prices”

  1. Manny

    If there is one soul out there that thinks the flooding in the mid-west will NOT affect them, I have a surprise for you. Not only will there be NO spring harvest of the winter crops, nothing will be planted for several years AND the several different grains that have been in storage are no longer useable even as food for animals. Prices at your grocer will escalate to unimaginable levels due to loss of beef and pork. Whether you believe this to be an act of God or an act of HAARP this will cost you, Mr. and Mrs. consumer you WILL feel it when shopping. You are warned to prepare now or face some really difficult times ahead.

    #3921450

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