Tomato prices could rise substantially following a U.S. government trade policy change.
On May 7, the U.S. Commerce Department lifted the 2013 Suspension Agreement on Fresh Tomatoes from Mexico. That could mean consumers will be paying 40% to 85% more for vine-ripe and other fresh tomatoes, according to Arizona State University research cited in a story by USA Today.
With the termination of the suspension agreement, the U.S. will impose a 17.5% tariff on imported Mexican tomatoes, which could lead to shortage and price hikes, according to the story.
Prices could rise 40% from May to December, according to Arizona State. During the cooler months, when supplier are lower, the hike could be as much as 85%.