2/4/2013 9:01 PM ET|
Salad prices are skyrocketing
A deep freeze in the areas that supply 90% of the nation's winter lettuce is sending vegetable prices soaring. A crate of romaine is topping $35.
Farms are selling crates of lettuce at sky-high prices, Bloomberg reports. Two counties in the country produce 90% of the lettuce supply in the winter months, and when farms there hike prices, just about all parts of the U.S. feel the impact.
Now, a crate of iceberg lettuce containing 24 heads is selling for about $27. That's up from the $6 range just one month earlier. A crate of 24 romaine heads is even more expensive, soaring to $33 to $36 at the end of last month from about $7 a month earlier, reports The Packer.
Farmers say that the lettuce pipeline is empty, with nothing on the shelves in warehouses. The region saw as many as 14 straight days of frost in the early morning. "The crop is pretty beat up and the industry is dealing with down yields," a manager at a lettuce grower told The Packer.
The price increase is putting restaurants in a bind. One restaurant chef in Syracuse, N.Y., told CNYcentral that the price of asparagus has more than doubled. "Because we have that on our menu, it's not like we can just re-print all our menus and stop serving it," he added. "We can't charge $16 for a salad, it's unreal."
Some grocery stores have posted signs warning shoppers about higher prices for lettuce and other vegetables. Consumers have plenty to say on social media about what they're experiencing. "I'd be way more tempted to eat healthy if a salad wasn't 10 times the price of a burger," lamented one Twitter user. "Lettuce prices are ridiculous here," said another.
More on moneyNOW
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] At midday, the major averages hover near their highs with small caps in the lead. The Russell 2000 trades higher by 1.2%, while the S&P 500 sports an advance of 0.6% with nine sectors in the green.
Equities climbed from the start with geopolitical concerns cast to the backburner after separatist forces in eastern Ukraine handed over black boxes from MH17 to Malaysian authorities and Secretary of State John Kerry began working on brokering a cease fire in Gaza. ... More
More Market News
CNBC host Jim Cramer says stocks should be crushed by global turmoil. Instead, they're doing fine.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'