On-the-Ground Update

Oversupply of avocado in Hong Kong

Shelly Chen
Published Aug 6, 2021
Hong Kong avocado pricing dropped about 50% due to oversupply in the market. Hong Kong's wholesale market is selling a box of 4kg Peruvian avocado at $5.14USD, where the regular pricing was $11.57USD. Hong Kong is an importing country for most fruits and vegetables, and have relatively easy import regulation compare to nearby countries such as China or Taiwan. When there's an issue with Phyto Certificates, it's common for the importer to dump the product to the Hong Kong market, and causing the price to drop.
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