Rising Prices: The Impact on Frozen Fruit and Vegetable Costs

1 min read
Source: MarketWatch
Rising Prices: The Impact on Frozen Fruit and Vegetable Costs
Photo: MarketWatch
TL;DR

Frozen fruit and vegetable prices in the US have surged by almost 12% over the past year, while the cost of fresh produce has seen minimal increases. This discrepancy can be attributed to climate change and extreme weather conditions, such as heavy rainfall and drought in California, which have caused problems for farmers. Additionally, factors like the war in Ukraine, labor cost increases, and disruptions in the supply chain have contributed to the shortage of ingredients for frozen goods. These challenges are expected to impact farmers' profitability and result in higher prices for consumers.

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