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S.
avocado prices surged to their highest levels in more than 20 yearsamid tight supplies from Mexico, according to Bloomberg
.
Mexican avocados account for more than 80% of the total U.
S.
avocado consumption, and Michoacan is the largest avocado producer in Mexico and the only region in Mexico that is allowed to export avocados to the United States
.
Official data show that the price index for avocados in the Mexican state of Michocan has risen by 81% in 2022 to $38 per box (9kg), the highest price since 1998
.
S.
avocado consumption, and Michoacan is the largest avocado producer in Mexico and the only region in Mexico that is allowed to export avocados to the United States
.
Official data show that the price index for avocados in the Mexican state of Michocan has risen by 81% in 2022 to $38 per box (9kg), the highest price since 1998
.
USDA data show that Mexico's avocado production for the 2021/22 season will be down 8 percent from the previous season
.
On February 12, the U.
S.
government suspended imports of Mexican avocados due to "a U.
S.
food safety inspector receiving threatening information in Mexico
.
" A week later, import activity resumed
.
.
On February 12, the U.
S.
government suspended imports of Mexican avocados due to "a U.
S.
food safety inspector receiving threatening information in Mexico
.
" A week later, import activity resumed
.
David Magana, an analyst at Rabobank Internation, said the increase in U.
S.
avocado prices was mainly due to reduced supply and inflationary pressures in Mexico
.
California avocado production accounts for 15% of the country's total consumption.
Although California production is expected to increase this year, it is obviously not enough to meet the growing consumer demand in the US market
.
S.
avocado prices was mainly due to reduced supply and inflationary pressures in Mexico
.
California avocado production accounts for 15% of the country's total consumption.
Although California production is expected to increase this year, it is obviously not enough to meet the growing consumer demand in the US market
.
Currently, Mission Produce, the largest distributor of avocados in the United States, said in a statement that the average unit sales price of avocados has increased by 50% "due to reduced supplies outside of Mexico, as well as inflationary pressures
.
" In addition, avocado sales fell by 18% due to reduced supply, offsetting some of the increase in prices
.
.
" In addition, avocado sales fell by 18% due to reduced supply, offsetting some of the increase in prices
.
According to a report by Rabobank, U.
S.
per capita avocado consumption has more than doubled since 2010, reaching more than 9 pounds
.
Driven by huge consumer demand, U.
S.
avocado prices will remain high
.
Prices are expected to drop after the official export of avocados to the United States from the Mexican state of Jalisco in the summer
.
S.
per capita avocado consumption has more than doubled since 2010, reaching more than 9 pounds
.
Driven by huge consumer demand, U.
S.
avocado prices will remain high
.
Prices are expected to drop after the official export of avocados to the United States from the Mexican state of Jalisco in the summer
.
