Peruvian avocado shortfall drives prices 40–50% higher than last season

Fresh Avocado
Market & Price Trends
Published Apr 16, 2024

Tridge summary

Peruvian avocado prices have experienced a significant increase of 40–50% due to a 16% decrease in export volumes, dropping from 558,000 metric tons in 2023 to 468,000 metric tons in 2024. This decline is attributed to adverse weather conditions, including high temperatures and heavy rainfall, which have led to smaller fruit sizes and fruit drop, especially in the Trujillo and Chiclayo regions. Production is expected to fall by 30% in the northern coastal regions and 15–20% in the central and southern coastal areas, although strong yields from the Sierra region are mitigating some of the overall production losses. The global avocado market is also facing challenges from reduced outputs in other major producing regions like Mexico and California, as well as water scarcity in Chile. Despite these challenges, high consumer demand is anticipated to keep Peruvian avocado prices high, with the country aiming to increase exports to the United States and Europe amidst the global shortages.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peruvian media reports indicate a 40–50% increase in avocado prices compared with last season. Shipping volumes in the first quarter of 2024 were notably low, and early projections suggest that Peru will only export 468,000 metric tons of the fruit this year, corresponding to a 16% year-on-year decrease in export volume compared with the 558,000 metric tons exported in 2023. Juan Carlos Paredes, president of the Peruvian Hass Avocado Growers Association (ProHass), highlighted the adverse impact of high temperatures and heavy rainfall in the first months of 2024. Under normal circumstances, he claimed, Peru would have been able to export up to 700,000 metric tons of Hass avocados this season. However, this will not be possible to realize on account of the aforementioned climate challenges. In particular, small fruit sizes and fruit drop were observed in some areas, especially Trujillo (La Libertad) and Chiclayo (Lambayeque). Production is forecast to decline by 30% in the northern ...
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