In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. And tomatoes aren&#x27;t the only food getting more expensive. From cauliflower to lettuce, fresh produce is spiking all over the place. So what&#x27;s driving the price spike? And what can tomatoes teach us teach about America&#x27;s political economy including changes in trade and tariffs? Our guest today is Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, and an expert in securing fresh produce. We talk to him about where America&#x27;s tomato supply actually comes from, why consumers are paying more and more, how restaurants navigate price fluctuations, and the influx of novel new tomato varieties. Read more: The Recipe for a Power Restaurant Has Changed The Latest Snack Innovations Are Basically Just Creamsicles and Chex Mix Only Bloomberg - Business News, Stock Markets, Finance, Breaking &amp; World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.

Why Tomatoes Are the Most Expensive They've Been in Four Decades

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[SPEAKER_12] Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway.

[SPEAKER_08] And I'm Joe Weisenthal.

[SPEAKER_12] Joe, I know you love tomatoes.

[SPEAKER_08] I love tomatoes. Oh my God. I love tomatoes. I love tomatoes so much.

[SPEAKER_12] This is the episode. Just Joe talking about how he loves tomatoes.

Why Tomatoes Are the Most Expensive They've Been in Four Decades

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Why Tomatoes Are the Most Expensive They've Been in Four Decades

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.