Vegetable prices rise 40%

Prices for vegetables have almost doubled since last year after the states that grow fresh produce for the U.S. during winter saw water cuts and storms that decimated supply.

Vegetable prices saw a 38% jump in November from the prior month, according to the Labor Department’s latest producer price index data.

On a year-over-year basis, the surge was more than 80%. The figures come as food costs have been rising at unprecedented levels, cutting into consumer wallets as families recover from the global pandemic.

Farmers in Arizona, who provide more than 90% of the U.S.’s leafy greens each November through March, have seen cuts to the amount of water they receive from the Colorado River.

The U.S. has announced it will withhold about a fifth of the water the state’s farmers get in 2023 as climate change and drought diminish the basin.

California, the top agriculture state in the U.S., has faced drought this year that led to $3 billion worth of losses. And in Florida, which is the top U.S. supplier of fruits and vegetables in the fall and winter months, experienced a storm that cost the produce industry in the state nearly $2 billion.

American, JetBlue adding flightsAmerican Airlines Group Inc. and JetBlue Airways Corp. plan to expand domestic and short-haul international flying next year under a much-scrutinized operating partnership focused on the U.S. Northeast.

The 2023 additions under the carriers’ Northeast Alliance will bring it to 500 daily departures across New York’s three major airports, and to 200 daily flights out of Boston, the airlines said in a statement Friday.

Flights began in 2021 under the partnership, which was challenged by the U.S. Justice Department seven months later.

A federal judge is considering whether it violates antitrust laws.

The expansion builds on the carriers’ stance in the federal trial that the alliance will give consumers more options for flights and boost competition

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From wire reports