Tomato prices could spike as U.S. ends agreement with Mexico - News Summed Up

Tomato prices could spike as U.S. ends agreement with Mexico


Tomato growers in the Latin American country now need to pay collateral to cover the cost of the duties before they are able to export to the U.S., Mexico’s economy ministry said in a statement Tuesday. That could mean more than $350 million in extra costs for producers — fees many small and medium-size exporters probably will be unable to bear, the statement said.


Source: Los Angeles Times May 07, 2019 22:18 UTC



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