Weather, Bacteria and Drug Lords Blamed for Soaring Lime Prices

Lime prices are soaring out of control and the blame is being placed on weather, bacteria and drug lords. Lime prices have quintupled since January. CBS This Morning reports that a 40 pound carton of limes has increased in price from $24 to $125 since January 2.

Los Angeles Times produce columnist David Karp explains why in this CBS This Morning report. He says shipments from Mexico are down by 2/3rds. The big reason is weather. Heavy rains in Mexico late last year knocked the blooms off trees. There is also a serious bacterial disease killing citrus trees. There are also some Mexican drug cartels causing problems with shipments. Karp says thieves are also starting to steal limes and truckloads are even being hijacked now that limes have become more valuable. Take a look:

Posted on April 5, 2014

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