Morocco's crops of avocados exceed 40,000 tons, and their price is the most expensive in the world

Published 2023년 4월 28일

Tridge summary

The article reports on the conclusion of Morocco's avocado season, which saw the successful export of over 40,000 tons, or 90% of the total crop, despite the industry's infancy and the challenges of increasing speculative practices. Abdelmoumen Al-Achkar, CEO of 'Echo Mac', emphasized the sector's inexperience and the adverse effects of speculation on profit margins and the industry's reputation. He also highlighted the high global prices of Moroccan avocados, which remain the second highest after Spain's, a situation he attributes to speculative behaviors and artificial price inflation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The avocado season in Morocco ended in April, and was characterized by good volumes exceeding 40,000 tons, and good quality of products allowing for the export of 90 percent of the crop. In a statement to the “Fresh Plaza” website, the CEO of the avocado production and export company “Echo Mac”, Abdelmoumen Al-Achkar said, “The avocado sector is still relatively new in Morocco, and the players in the sector, whether they are producers, exporters or intermediaries, are still gaining experience.” . Talking about the harmful practices on the part of some actors in the sector, Abdel Momen referred to the speculative behavior that is increasing in the avocado industry more than other crops. The avocado producer and exporter says: “In order not to create controversy or point fingers at any part of the avocado value chain in Morocco, we are observing, however, speculative behavior which is the natural result of high demand facing insufficient production.” He added that this behavior is ...
Source: Kech24.ua

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.