Avocado outlook strong
- Jun. 04, 2020
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.
“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