
Food
1 min read
Vietnamese-American billionaire’s Sriracha sauce sees eightfold price hike
Prices of the popular hot sauce Sriracha have surged eight times in the U.S. as drought in Mexico leads to a scarcity in the key ingredient, red jalapeños. The hot sauce, which is produced by Huy Fong Foods owned by Vietnamese-born billionaire David Tran, is…