Latest news with #Martin-Rayo
Axios
01-08-2025
- Business
- Axios
Tariffs are coming for your breakfast — but not your OJ
New tariffs are poised to make your breakfast a bit pricier, especially your morning cup of coffee — but your orange juice caught a break. Why it matters: Your morning staples are caught in the crossfire of global trade politics. The new tariff rates — the highest in nearly a century — will cost the average family about $2,400 this year, according to the Yale Budget Lab's latest analysis. The big picture: American consumers have been navigating sticky inflation for food prices, and breakfast costs have been a sore point. Coffee prices have been volatile due to crop issues in Brazil, while chocolate has soared on cocoa shortages. A new wave of tariff hikes targeting certain European and Latin American imports is expected to push prices higher. Coffee and chocolate prices By the numbers: Brazilian coffee will face a 50% tariff, up from 10%. Even a modest 10% tariff on Brazilian coffee could raise U.S. retail prices 6–8% within 90 days, Francisco Martin-Rayo, CEO and co-founder of Helios AI, tells Axios. Swiss chocolate and coffee are being hit with a 39% tariff, up from the 31% tariff on Switzerland exports announced in April. This could affect Nespresso, as parent company Nestlé says every capsule sold in the world is produced in one of three factories in Switzerland. Rising tariffs to hit fruit and vegetable prices Zoom in: Martin-Rayo said his firm is tracking price shocks across the produce aisle — from tomatoes and mangoes to avocados — where tariffs compound climate disruptions. The biggest consumer price impacts are expected to hit fresh fruits, including bananas and vegetables, as well as processed imports like canned tomatoes, he said. "In some cases, we're projecting 10–15% retail price hikes within a single quarter," he said. Why orange juice got an exemption The intrigue: Orange juice from Brazil was exempted from tariffs, even though oranges are grown in Florida and California. Chris Brigati, chief investment officer at San Antonio-based investment firm SWBC, told Axios the reason for the exemption "remains unclear," especially given Brazil's coffee was hit with a 50% tariff. "Perhaps Trump wanted to limit the potential pain to higher prices from tariffs, as supply shock impacts are likely to occur," Brigati said. Zoom out: U.S. production has plunged to the lowest level in 88 years due to " unfavorable weather and continuing disease problems," USDA data shows, noting citrus greening has been battering Florida crops. Imports now account for 90% of the U.S. orange juice supply — with half coming from Brazil, which dominates global production under brands like Tropicana, Minute Maid and Simply Orange.
Yahoo
15-02-2025
- Business
- Yahoo
Stretch Your Dollar: How supply chains impact DMV grocery prices, this week's deals
WASHINGTON () — The U.S. Department of Labor reported this week that inflation rose 3% year over year in January, as high costs of food remain a chief complaint for consumers. Francisco Martin-Rayo, CEO of Helios Artificial Intelligence, predicts commodities prices for hedge funds and global investors. He said many factors are at play when it comes to price fluctuations for a number of food items such as avocado prices which rose on DC News Now's price tracker in February. 'Some of the things we're seeing with tariffs make avocados a little bit more expensive, but it's compounded by the fact that in Michoacan, Mexico, you've had terrible droughts. And so already you have fewer avocados than before. They're going to be more expensive. And you're making it a little bit more expensive,' Martin-Rayo said. Fairfax woman takes #NoBuy pledge, saving thousands of dollars Egg prices have soared, exacerbated by the spread of avian flu. DC News Now found that this week's egg prices are at least 40% higher than one year ago. 'More and more of us, consumers, we want the free-range eggs, right? We think they taste better. The product is better for you. But when you have free-range eggs, that means the chickens are actually engaging more with other wild birds that are more likely to have some of these diseases,' Martin-Rayo said. DC News Now tracks grocery prices of staple items at Walmart, Giant and Safeway. Here's how prices changed compared to last week (Feb. 7): Brown eggs Walmart: $6.10 (increase of 9.5%) Giant: $5.49 (no change) Safeway: $9.49 (no change) Wheat bread 20oz Walmart: $1.42 (no change) Giant: $2.89 (no change) Safeway: $2.99 (no change) Gallon 2% Milk Walmart: $2.62 (no change) Giant: $3.99 (no change) Safeway: $5.49 (no change) Broccoli 12 oz Bag of Floret Walmart: $1.16 (no change) Giant: $2.49 (increase of 25.1%) Safeway: $2.50 (no change) Avocado Walmart: $0.96 (no change) Giant: $1.66 (decrease of 11.7%) Safeway: $2.00 (no change) Russet Potato Walmart: $0.83 (no change) Giant: $0.73 (no change) Safeway: $1.63 (no change) Boneless Chicken Breast Value Pack Walmart: $2.67 (no change) Giant: $2.69 (no change) Safeway: $3.99 (increase of 33.4%) Boneless Porkchop Value Pack Walmart: $4.58 (no change) Giant: $6.49 (no change) Safeway: $4.99 (decrease of 52.5%) Ground Beef 1lb Tray Walmart: $5.63 (no change) Giant: $5.49 (decrease of 13.8%) Safeway: $6.99 (no change) Brown Rice 32oz Walmart: $1.64 (no change) Giant: $2.29 (no change) Safeway: $2.29 (no change) Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
