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Avocado outlook strong
- Jun. 04, 2020
- Articles
U.S. per capita consumption of avocados has grown at an compound annual growth rate of 8% in the last decade and now tops eight pounds per person per year, according to the report. Rising supply has been met with ever-growing demand, according to the authors.
Article Highlights;
“Despite the continuous growth in avocado availability over the last decade, prices have also consistently increased or every week of the year, which suggests the existence of a strongly expanding year-round demand for avocados,”
“We’re not expecting prices to start to spike in the summer as they did in 2019,”“It should be a very busy summer marketing avocados,” Lucy said. “It is very challenging but so far we’ve done very well.”
Article By: Tom Karst, The Packer