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California produces very high quality olive oil. I buy it at Costco. The Kirkland brand likely comes from outside the country.
by e40 2y ago
California produces very high quality olive oil. I buy it at Costco. The Kirkland brand likely comes from outside the country.
- rtkwe 2y agoCalifornia produced 1.94 million gallons of olive oil in 2023. That same year the US used ~98.5 million gallons of olive oil. There just isn't enough space to produce that much olive oil in CA much less produce it profitably or in ways that wouldn't devastate the environment. And all that is ignoring that it takes around 10 years for an olive tree to get to consistent production.
- e40 2y agoOh, I agree. I was just pointing out we have some, and it's going to get a lot more expensive now.
- andreygrehov 2y ago> it's going to get a lot more expensive now why? local producers don't pay the tariffs.
- e40 2y agoBecause they will price their product to be just a little cheaper than the imported alternatives. This has been discussed to death, with citations, and I believe it to be true. We will see, I guess.
- andruby 2y agoAnd even if they don't raise their prices to below the imported alternatives immediately, the increase in demand means they'll sell out so quickly, they'll raise their prices anyway
- rtkwe 2y agoCompanies tend to just take the extra profit instead of keeping their prices lower than their competition for no reason.
- taeric 2y agoI mean, if their main competitor just got price jacked by taxes, that will push the demand to them. Since they cannot scale up to satisfy the demand, a correct choice is to raise prices. You can argue that this is price gouging, but the easy counter is that this is the market reacting to the taxes and adjusting the going price.
- andreygrehov 2y agoFair.
- dontlikeyoueith 2y agoOh look, a Trump advisor who understands nothing.
- deleted 2y ago[deleted]