Market prices for coffee, orange juice hit record highs, fueling sharply higher bills for some grocery staples
Paywall removed: https://archive.is/8vYWj
No, the price of food is what’s busting your budget.
I read that headline, and your comment, and immediately inferred WSJ is victim-blaming people just for eating breakfast. The sheer audacity of it…
The article is talking about factors going into why the prices are high.
is it the greed
or is it the record profitsCurve ball, it’s climate change being priced into futures contracts.
And non-climate crop problems, like citrus greening. Last I heard, it had nearly destroyed the Florida orange industry.
How have you guys been affected by varroa mite?
Its landed here in aust & we are failing at containment/eradication.Apparently we have it in the US, but I haven’t heard of it being a major problem. But it seems to be one factor contributing to colony collapse.
Bird flu, too.
Redundant
or superfluous
The funny thing is this article is still a big upgrade from their previous edition.
was it time to blame the poors for their own poverty again?
LOL you can’t afford coffee
-wsj
I can’t believe I’m saying this, but… to be fair to the Wall Street Journal, it read like an article with basic factual information. It even talked about why this is bad for Trump.
The article is an example of selection bias. Prices are up on most groceries, manufacturers are reaping record profits.
Well, coffee had a disease issue and oranges have weather problems so let’s focus on those.
This isn’t to say that the article isn’t being truthful and what they are saying but they are specifically trying to paint a picture to hide corporate greed.
Nobody’s accusing them of printing non factual info, the billionaire owned paper is phrasing the symptoms of wealth inequality as the fault of poor people for eating food.
They don’t want to point the finger at the people responsible because they are owned by those people.
Nothing will meaningfully improve until the rich fear for their lives.
Prices won’t effect me. I have heroin & doritos for breakfast.
You disgust me, no salsa‽
OMG!!! I gotta try that. Habanero!
$1/week to read stupid articles online?
The savings add up…
Wait, the Wall Street Journal is only $4/month? That’s much cheaper than access to any other online newspaper that I’ve seen, and I’m pretty sure from memory that their paper subscription is relatively expensive compared to that of most newspapers.
investigates
Ah. That’s just the promotional rate for the first year. Apparently then it goes up to $39/month.
my breakfast is limited to only 4 avocado toasts and a venti cappuccino from starbucks, so i should be ok
https://fred.stlouisfed.org/series/WPU01110205
Avocado prices appear to be remarkably volatile. I had no idea.
I guess you can’t really preserve an avocado much, so you can’t do much to spread out time of consumption from times where there’s a lot of supply relative to demand to times when there’s only a little.
kagis
Of all the products that would be affected by President-elect Donald Trump’s proposed tariffs on Mexico, avocados stand out: 90% of avocados consumed in the U.S. are imported. And almost all of those imports come from Mexico.
Trump has said he plans to impose a blanket tariff of 25% on imports from Mexico and Canada, along with an additional 10% tax on goods from China.
Regardless of these potential price increases, however, people in the U.S. love their avocados and they’re willing to pay more. Avocado consumption tripled in the U.S. between 2000 and 2021.
“Given that avocado is a staple of our consumption here, I would say that the elasticity is not very high, meaning that even with a big increase in price, consumption is not going to change that much,” says Luis Ribera, a professor and extension economist in the agricultural economics department at Texas A&M University.
Feeling very fortunate to live in SoCal where avocados are a local crop, even grow in backyards.
Oh man I’m in Ohio and sometimes I’ll overpay for a few avocados and they’re all bad. When I can find quality avocados at a decent price I feel like I won the lottery.
Hahaha I don’t eat breakfast cause I am a poor pleb.
Not for me, my breakfast is 2 granola bars and a snack size apple juice. I dont really like breakfast anyway so it seems to work for me.
Just go to Starbucks and grab any of the 15 cups of coffee in pickup area and go. Imagine buying coffee when Starbucks exists
The downside to that approach is that the coffee it gets you is from Starbucks.
Yeah it’s shit coffee but think of all the oj you can buy with the savings!
My breakfast is water and a piece of cookie at 10 am. So not a big expense.
Cookie dough has eggs, and avian flu has been pretty bad for egg prices.
I mean, I don’t drink coffee or orange juice, but I could see how other people would be impacted.
Separately, bird flu has egg prices up again. Which may or may not affect you.
