Higher price for Mexican avocados

From Fresh Fruit Portal | 21 December 2023

Overview of avocados from Mexico in the U.S. market, complemented by charts from Agronometrics. Original published on December 21, 2023.

Halfway through its 2023-24 season, Mexican avocados have shown inconsistent sizes, which has affected retail prices in the U.S. market.

“We are projecting a total of 1.1 million tons of avocados to the U.S. market for the 2023-24 season,” Ramon Paz, avocado export analyst tells FreshFruitPortal.com.

Paz says that even though volumes are good, the U.S. market is reacting in a very different way this season.

A particularly hot and dry year has caused size issues, especially in the early varieties like Mendez, which pushed prices down at the beginning of the 2023-24 season. 

This in effect caused the larger sizes, of nine- to ten ounces, to increase in price compared to previous years. 

As the season advanced, the situation began to stabilize and producers stopped harvesting the smaller fruit, leaving them on the tree to gain size. 

avocado prices by histor 1

Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

Current prices

“Prices are getting better, last week in the south of Texas, the five-pound boxes of large avocados were being sold on average, according to the USDA, at $36. The same week of the previous year, the same size fruit was being sold for $26,” says Paz.

Smaller fruit is being sold at pretty much the same price as in 2022. 

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

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