USDA: Texas storm will have little impact on retail prices at the supermarket

The winter storm that blasted through Texas caused significant damage to facilities, equipment, animals, and crops. At one point, the state’s dairies were dumping roughly $8 million dollars worth of milk every day.

How does this affect prices at the supermarket? USDA economist Carolyn Chelius says that there is little impact on retail prices so far, except for one product.

According to Chelius, “The product to be most concerned about would be grapefruit because Texas produces about a third of the U.S. supply of grapefruit and a significant percentage of the grapefruit crop was damaged in the storm.”

She says that based on last week’s early loss numbers, there should not be significant price hikes for most foods.


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