force majeure- food price increase due to crops destroyed by weather (companies, school)

[SilverOne]

Sysco declares force majeure, raises grocery prices | zero hedge

Forced food price rising due to crops in Florida and Mexico being destroyed by cold. So companies are claiming Act of God and rasing food prices.

[Reg So]

Okay, so Sysco is voiding a portion of their contractual obligations because of events beyond their control. Do they really have any other course of action?

[Gary Siete]

Blame God not Sysco. Sysco has contracts to supply food to restaurants, hotels, hospitals, schools etc..
I'm sure there is a clause in these contracts that addresses the issue.

[SilverOne]

The bigger issue is the loss of crops, in the future food may be harder to find.

[HappyTexan]

On the bright side..the cold weather was a boon to Florida strawberries.
So we can hope they are cheap and plentiful.

I guess eat what's available and in season and higher prices might not impact you so much.

[Oerdin]

The damage to tomatoes and other winter crops fruits and veggies in Mexico and Florida is great news for California. We're the only major producer of things like tomatoes in North America which wasn't hit by the cold snap so those sky high prices you have to pay is all going to California farmers. :b:

[HappyTexan]

Originally Posted by Oerdin

The damage to tomatoes and other winter crops fruits and veggies in Mexico and Florida is great news for California. We're the only major producer of things like tomatoes in North America which wasn't hit by the cold snap so those sky high prices you have to pay is all going to California farmers. :b:

Not if you grow your own !!!
Tomatoes are one of the easiest backyard veggies there is.