THIS SECTION IS FOR NEWS AND INTERESTING STORIES RELATED TO FOOD, NUTRITION AND FOOD PROCESSING. THEY ARE NOT NECESSARILY RELATED TO KOSHER BUT MAY BE OF INTEREST TO THE KOSHER CONSUMER, MANUFACTURER OR MASHGIACH.
May 16, 2019 from the Bloomberg:
"If your supermarket bill seems to be inching higher, it’s not just your imagination."
"The U.S. is in an 'inflationary environment' right now, according to Greg Longstreet, chief executive officer of Del Monte Foods Inc., with tariffs driving up prices on his company’s canned fruits and vegetables. "
Del Monte said that tarriffs impacted them immediately wiht a 25% tarriff on steel imports and a 10% tariff on aluminum imports leading US producers to raise their prices as well. "Canned costs went up 25% overnight."
"Transportation costs, which he described as “out of control,” and a tight labor market are also causing prices to rise."
"Mandarin oranges’ cost has also climbed because of the tariffs."
"Consumers are going to pay a little bit more for household goods."
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