Romaine Crisis Sends Other Lettuce Prices Surging
(Bloomberg) -- The romaine scare might be basically over, but things are hardly back to normal for salad lovers.
Prices for iceberg, green leaf and other types of lettuce are soaring as demand surged in the wake of the romaine recall. A carton of iceberg lettuce at wholesale markets in California fetched as much as $60 this week, U.S. government data show. That's up from as low as $24 on Nov. 19, the day before the Centers for Disease Control and Prevention issued a warning to consumers about romaine.
The same holds true for other salad staples: the price of Boston lettuce surged 175 percent, while green leaf lettuce gained 160 percent, according to U.S. Department of Agriculture data. Even kale, a member of the same family as cabbage, was not immune, rising to as much as $16 a carton from a low of $12.
“It's uncertain how long it will last,” said Trevor Suslow, the vice president of food safety for the Produce Marketing Association, referring to the price spike. “I would imagine it will stay high for a while because of the understandable disruption.”
Retailers and restaurants pulled romaine lettuce from shelves in November out of fear it might be contaminated with Shiga toxin-producing E. coli bacteria. Other types of leafy greens, including head lettuce, are filling the void left by romaine as the market adjusts following the recall, Suslow said. Data from previous foodborne outbreaks have shown that it sometimes takes years to get back to the previous level of demand for an item involved in a recall, he said.
Romaine sales in the U.S. totaled $7.5 million in the week ended Nov. 24, down 38 percent from the previous week, according to data from Nielsen.
To contact the reporter on this story: Jen Skerritt in Winnipeg at jskerritt1@bloomberg.net
To contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie Munshi, Patrick McKiernan
©2018 Bloomberg L.P.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.