Peruvian avocado prices are 40% to 50% above last season

Fresh Avocado

Fruits

Peru

Market & Price Trends

Published Mar 11, 2024

Tridge summary

The Peruvian avocado campaign has seen a significant price increase of 40-50% compared to last year, largely due to reduced production in Mexico and California, and water availability issues in Chile, Spain, and Portugal. However, the projected export for 2024 is expected to drop by 16% due to unfavorable weather conditions and lack of new cultivation areas. ProHass is supporting small farmers through training and market information, with a focus on maintaining the quality of Peruvian avocados. The article also emphasizes the importance of responsible resource use and the role of technology in improving precision and reducing costs. It also highlights the issue of cadmium, a heavy metal found in crops like avocado, cocoa, and asparagus, which ProHass is working to address.

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 began in January and, as of today, it is obtaining very good prices, 40 to 50% above what they were in the same week last year. The Peruvian avocado campaign began, but with small volumes of fruit from the inter-Andean valleys. Small compared to the large volumes that are estimated to leave the country between April and May. 93% of the avocado exported from Peru is Hass avocado, the most exported in the world. Juan Carlos Paredes, president of ProHass, the Association of Hass Avocado Producers and Exporters of Peru, specifies that in 2022, 554,000 tons of this avocado were exported as a country; In 2023, there were 558,000, “we practically did not grow at all, only 1%.” But, what is the projection for 2024? Paredes responds: “This year we should be talking about 468,000 tons, which would mean a drop of 16% compared to last year, although it could be larger; There have been unfavorable weather conditions for cultivation. And given that there is no ...

Source: MXfruit