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Avocado prices soaring due to reduced harvests

Mexico is the major supplier for avocados into the US but shipments from there have fallen in recent weeks and are expected to drop even further

Zlata Rodionova
Monday 01 May 2017 10:43 BST
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How healthy hipsters hanker for hass: avocado, along with almond milk and e-cigarettes, was one of the consumer products with the biggest increase in sales last year
How healthy hipsters hanker for hass: avocado, along with almond milk and e-cigarettes, was one of the consumer products with the biggest increase in sales last year (Getty/iStock)

If you can't imagine starting your day without smashed avocado on toast, get ready to pay a hefty price for your breakfast.

An avocado shortage and reduced harvests from major producers have been pushing up prices in recent weeks.

According to data from the Mexican government, cited by Bloomberg, a 10kg box of hass avocados from Mexico's biggest producer now sells for around 530 pesos (£21.80). This is more than double compared to a year ago and the highest in 19 years.

Prices are expected to remain high through the summer as a result of a grower's strike in Mexico, which has already forced retailers and restaurants in the US to take the fruit off their shelves and menus.

Mexico is the major supplier for avocados into the US but shipments from there have fallen in recent weeks and are expected to drop even further, according to data from the Hass Avocado Board.

Yet demand for the highly exportable fruit has never been higher. The US is the main importer of Mexican avocados but the EU also has a trade deal with the South American country which is particularly favourable.

The fruit, known for its health properties, is also becoming popular in China with exports from Latin American nations growing by about 250 per cent a year, from just 154 tonnes in 2012 to more than 25,000 tonnes in 2016.

Last year, avocado, along with almond milk and e-cigarettes, enjoyed a surge in demand among UK shoppers as a trend toward healthy eating gathered pace. Figures from data providier IRI, which specialises in helping retailers to understand consumer demand, showed sales of avocado added 28.3 per cent to a whopping £187m.

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