Tridge Seasonal Market Report July 2020: Avocado

Published 2020년 7월 7일

The global avocado market is seeing varying degrees of impact from the weather and COVID-19. After being hit by logistical barriers, major producers Mexico and Kenya are seeing trades go back to normal. Tanzania saw a brief spike in prices from European consumers at the beginning of the year and Myanmarese avocado exports are expected to increase with recoveries in exporting to China.

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The main market for Mexican avocados is been North America, with small quantities sent to the European market as well. Production was slightly deterred at the beginning of 2020 due to labor shortages from COVID-19 restrictions. Current prices are slightly lower than the usual seasonal trend but are steadying after hitting a spike early this year.

In Kenya, the Fuerte variety suffered some losses due to an irregular climate, but the increase in production for the Hass, the main export variety, will be able to mitigate the losses. The majority of Kenya’s avocados are sent to Europe, and with the onset of COVID-19, this has also brought a drop in prices. However, with reopenings, prices are expected to recover.

Tanzania has not been able to export significantly with the lack of buyers and logistical limitations in key exporting markets in Europe. Like Kenya, prices have decreased, but at the beginning of the year, export prices have increased as European consumers were purchasing in bulk.

With harvest to start early in September, Myanmarese avocados are expected to have an increase in production for this season.