Economics
Trump Threats Push Up Mexican Avocado Price Most in a Decade
- Prices may double or triple if border closes, Rabobank says
- California heatwave makes U.S. more reliant on Mexican supply
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President Donald Trump’s threats to close the southern border are proving to be a windfall for Mexican avocado producers.
The price of Hass avocados from Michoacan, the heartland of Mexican production, jumped 34 percent on Tuesday, the biggest gain in a decade. Prices, which probably spiked as importers boosted purchases ahead of potential border issues, could double or triple if Trump makes good on his threat, said Roland Fumasi, an analyst at Rabobank. The Mexican Hass price was unchanged on Wednesday.