Lemon, a luxury: the price goes up 140% by low production

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Lemon, a luxury: the price goes up 140% by low production

Lemon, a basic ingredient in the kitchen of millions of homes, has become a luxury product. In recent weeks, its price has skyrocketed by 140%, surpassing $6000 per kilo in some shops. This sharp rise is mainly due to a shortage in production, which has generated a strong tension between supply and demand. Due to a seasonality issue, low production has led to a significant decrease in the supply of the product in the main markets. This situation…