Avocado prices have doubled in the last year, and it doesn’t look like they’ll be getting cheaper

May 3, 2017

This article originally appeared in Money by Brad Tuttle.

Larisa Blinova/ Shutterstock

This article originally appeared in Money by Brad Tuttle.
The world’s avocado supply has been spread super thin lately—and prices are soaring as a result.
As more people are drawn to avocados for their flavor and health benefits, consumption of the popular superfruit has spiked in the U.S.: Americans consumed 6.5 pounds per-capita in 2015, up from 3.5 pounds in 2006.
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Bloomberg reports that demand for avocados has surged in China and Europe as well, and prices for avocados from Mexico—where over two-thirds of avocados eaten in the U.S. come from—have increased significantly. The wholesale price of a box of avocados is “more than double what it was a year earlier and the highest in data going back 19 years,” Bloomberg wrote.
In the U.S., California is the leading producer of avocados and a heat wave last summer hurt production – further adding to the price hikes. In some cases, supermarket prices for avocado prices doubled in less than six months last year. A single avocado cost around $2 in some parts of the country, up from less than $1 not long beforehand.

Prices are expected to remain exceptionally high at least until fall of 2017, when the next crop of avocados from Mexico should be ready to be spooned into guacamole.

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