World: There is currently no spot market for the common sizes of avocados

Published 2023년 11월 8일

Tridge summary

The global avocado market is currently experiencing a shortage, leading to prices more than doubling compared to the summer. Multiple factors have contributed to this tight supply, including promotions in Peru increasing demand, less volume from Israel due to the war situation, and difficult conditions in other countries of origin. The mango market is also under pressure, with crop losses caused by El Niño and increased demand from the US and Asia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The supply on the global avocado market is currently extremely tight. "Due to the large stocks in Peru, there were many promotions at retailers during the summer months, which increased demand. From week 35, towards the end of the Peruvian season, the supply decreased enormously and there was therefore a shortage. In Chile the products are shipped this year somewhat hesitantly and at a higher price level, and there is also less volume than usual from Israel at the moment, due to the war situation. All in all, prices have more than doubled compared to the summer. This is because the avocado market is simply empty - There is currently no spot market for the sizes that are in demand," says Felix Sperl, product specialist at the Hamburg import company Cobana. The situation is also due to the difficult conditions in the other countries of origin, Sperl continues. "There have been strikes in Guatemala, while Mexico is dealing with storms. Due to El Niño, there have also been ...
Source: AGF

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