Avocado Prices Set To Plummet As Farmers Keep Up With Demand

Think of the guac.

Avocado Prices Set To Plummet As Farmers Keep Up With Demand

Yes, something good has happened in this world for once as farmers report the price of our precious avocados is expected to plummet. 

Local fruit growers have farmed a record Australian avocado harvest with an estimated 75,000 tons of avos to be produced this financial year… compared to last year’s 66,000. 

Antony Allen, the CEO of avocado marketing firm Avolution told the Fairfax: 

“We’re starting to see a lot of those new trees (bear fruit), so that’s where this increase in production has come from.

“Growers have been working to meet supply demand for a number of years.”

With prices for a single avocado reaching about $6 this year, Mr Allen predicts the number to drop to around $2.20 - $2.80. 

“They’ll come back down to more like what they were at the start of 2017 and probably middle of last year when retail pricing was around $2.20 to $2.80 with those two-for deals where it’s two for $4 or $5.

“At the moment they’re around the $3.50 to $3.90 mark per piece, but at the end of the day it will all be determined by supply and demand.”

Okay initial thoughts: 

1. Surely this means the cost of our beloved smashed-avo breakfast menu option should drop too? Surely?

2. THINK OF ALL THE GUACAMOLE! 

Thank you avo farmers. Thank you very much. 

 

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