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How Big Potato and the other food cartels did greedflation and got away with it (pluralistic.net)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 1 day ago (1 children)

…

In The Lever, Katya Schwenk describes how four companies – Lamb Weston, JR Simplot, McCain Foods and Cavendish Farms – have captured the frozen potato market and all that comes with it (fries, tater tots, etc):

These companies have been hiking prices for years, but really started to turn the screws during the post-covid inflationary period. One of Schwenk's sources is Josh Saltzman, owner of the DC sports bar Ivy and Coney. Ten years ago, Saltzman charged $3 for fries; now it's $6 – and Saltzman's margins have declined. Saltzman has a limited number of suppliers, and they all get their potatoes from Big Potato, and they bundle those potato orders with their other supplies, making it effectively impossible for Saltzman to buy his potatoes from anyone else.

Big Potato controls 97% of the frozen potato market…

[–] [email protected] 2 points 1 day ago

Thanks for the excerpt

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