Avocado prices are on the rise (In the News)


April 28, 2017 — More demand and smaller crops in Mexico and California are causing avocado process to surge, Bloomberg reports. 

Increased demand for avocados in recent years has been substantial. In the United States, per-capita consumption was 6.9 pounds in 2015, compared to 3.5 pounds in 2006, according to the U.S. government. 

Rabobank analyst Roland Fumasi explained. “You have increased consumption in China and other areas of the world, like Europe. They’re pulling a lot more of the Mexican crop, so there’s less available for the U.S.” 

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