Peru: Hass avocado starts the campaign with high prices, but export volume would fall

Fresh Avocado

Fruits

Peru

Market & Price Trends

Published Mar 12, 2024

Tridge summary

The Peruvian avocado campaign has kicked off 2024 with prices soaring 40-50% higher than the same period in 2023, ranging from US$3.10 to US$3.50 per kilo. The increase is attributed to lower production in Mexico and California, water availability issues in Spain, Portugal, and Chile, and potentially unfavorable weather conditions in Peru. Despite the majority of exports being the Hass variety, growth in shipments was minimal in 2023 and the shipment projection for 2024 is expected to drop by 16% to 468,000 tons.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Peruvian avocado campaign started the year with prices between 40% and 50% higher compared to the same period in 2023, setting rates from US$3.10 to US$3.50 per kilo. Currently, 93% of said fruit exported from Peru is of the Hass variety, but at the end of 2023 the growth in shipments was minimal. What is expected for 2024? Juan Carlos Paredes, president of the Association of Hass Avocado Producers and Exporters of Peru (ProHass), explained to Portal Frutícola that in 2022, 554,000 tons of Hass avocado were exported, while in 2023 there were 558,000, “we practically did not grow at all, only 1%.” This year the shipment projection is 468,000 tons; that is, a drop of 16% compared to last year. Paredes indicated that the drop could even be higher due to unfavorable weather conditions. “There is no longer any expansion of new areas, each climatic blow will be felt in the export figures; When it is growing, the climatic shocks are hidden by the new hectares that enter, but Peru is ...

Source: PEgestion