date:Jul 29, 2022
In what Rabobank calls an avo-lanche of avocados, Australia is having a bumper year in terms of production. The massive supply is driving prices down to as low as less than one Australian dollar per unit (US$0.7), with prices being down 47% compared to the last five-year average.
Australia is expected to produce 124,000 metric tons of avocados in2022, a 30,000 metric tons rise in a single year, with expectations that production will keep improving, reaching 173,000 tons in 2026.
Farmers, despe