World: Avocado supply exceeds demand and the average export price fell to the lowest in 8 years

The "2023 Major Tropical Fruit Market Review" recently released by the Food and Agriculture Organization of the United Nations (FAO) shows that global exports of major tropical fruits are estimated to increase by about 12% in 2023, hitting a new high of US$11.2 billion, higher than the peak of US$10.3 billion in 2021. About 9%. Among them, the export volume of avocado accounts for 34% of the total export volume, but due to the high average export price, it accounts for about 60% of the total trade volume of major tropical fruits throughout the year. Because the supply of the main exporting countries Mexico and Peru exceeds Due to demand in the world market, the average export unit price of avocados fell from a peak of US$2,354/ton in April 2023 to a low of US$1,756/ton in July, and then fluctuated at a relatively low level. In the first nine months of 2023, the average export unit price of avocados It is about 20% lower than the same period in 2022, at US$2,063/ton, the lowest ...