Avocado Prices Are Skyrocketing
- Consumption surges in U.S., China; prices doubled in a year
- No relief seen until at least this fall, Rabobank forecasts
This article is for subscribers only.
That bowl of guacamole on Cinco de Mayo will be more expensive this year, as avocado prices rise to a record on surging demand and a smaller crop in Mexico and California.
A 10-kilogram (22-pound) box of Hass avocados from the state of Michoacan, Mexico’s biggest producer, cost 530 pesos ($27.89) Thursday, according to the government. The price, which is subject to seasonal swings, is more than double what it was a year earlier and the highest in data going back 19 years.