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Over supply of Australian avocados resulted in lower price contrary to its usual tendency

Fresh Avocado
Australia
Malaysia
Price
Supply
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Mingi Lim
Updated Aug 4, 2021
Ukrainian yellow pea market prices growing up average on at $5/MT - processors reported. The main reason for Malaysia imports avocados from both Latin America region, especially Mexico, but most of their avocados come from Australia and New Zealand. Even with higher logistics costs, Mexican avocados tend to be more price-competitive compared to avocados from Australia and New Zealand. However, due to oversupply in the Australian market, the export prices of Australian avocados are more than 20% lower than Mexican avocados. The buyer expects this trend will continue until mid-August.
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