{"id":45676,"date":"2019-04-27T09:36:31","date_gmt":"2019-04-27T14:36:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45676"},"modified":"2019-04-27T09:36:31","modified_gmt":"2019-04-27T14:36:31","slug":"americans-brace-for-shock-surge-in-everyday-food-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45676","title":{"rendered":"Americans Brace For Shock Surge In Everyday Food Prices"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/news\/2019-04-27\/border-crisis-could-spike-food-prices-everyday-american\">Americans Brace For Shock Surge In Everyday Food Prices<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<em>&#8216;patient&#8217;&nbsp;<\/em>Fed has been lamenting the &#8220;lack of inflation&#8221; for far too long. It is about to get its wish.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">American food merchants are&nbsp;<a href=\"https:\/\/www.foxnews.com\/us\/border-crisis-fruits-vegetable-prices\">struggling<\/a>&nbsp;to import fruits and vegetables from Mexico as wait times at port of entries along the Mexico\u2013US 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 &#8220;<a href=\"https:\/\/www.zerohedge.com\/news\/2019-04-02\/mexican-avocado-prices-explode-most-decade-after-trump-border-threat\">Mexican Avocado Prices Explode By Most In A Decade After Trump Border Threat<\/a>&#8220;).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/avocado%20price%204.27.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/avocado%20price%204.27.jpg?itok=gUW2invn\"><\/a><\/strong><\/p>\n\n\n\n<figure><iframe allowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">After the avocado price surge, cucumbers, eggplants, bell peppers, squash, cherry tomatoes, watermelons, and most other fruit and vegetables imported from the tropics would be affected.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;(The) Mexican border, it\u2019s one of the most important crossings to the United States,&#8221; said Joshua Duran, Amore Produce sales representative.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About 43% of all US fruit and vegetables originate from Mexico.&nbsp;<\/strong>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.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/mex%20us%20trade.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">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\u2013US border, stuck in line for up to 15 hours.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans Brace For Shock Surge In Everyday Food Prices The&nbsp;&#8216;patient&#8217;&nbsp;Fed has been lamenting the &#8220;lack of inflation&#8221; for far too long. It is about to get its wish. American food merchants are&nbsp;struggling&nbsp;to import fruits and vegetables from Mexico as wait times at port of entries along the Mexico\u2013US border have surged because of a shift [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2227,4318],"class_list":["post-45676","post","type-post","status-publish","format-standard","hentry","category-economics","tag-prices","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45676"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45676\/revisions"}],"predecessor-version":[{"id":45677,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45676\/revisions\/45677"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}