Drop in global avocado supply expected in 2024, projects ProHass

Published 2024년 2월 1일

Tridge summary

Juan Carlos Paredes, the president of the Peruvian Hass Avocado Growers Association (ProHass), has warned of a potential decrease in global avocado production due to the El Niño phenomenon affecting fruit size and harvested volumes in Peru, Mexico, and Spain. Despite the anticipated lower supply, significant financial losses are not expected as prices are likely to increase globally. In 2023, Peru's avocado exports saw a 3% increase from the previous year, reaching approximately 570,000 metric tons, with the majority destined for Europe and significant volumes also shipped to Asian markets.

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Original content

The president of the Peruvian Hass Avocado Growers Association (ProHass), Juan Carlos Paredes, has projected that the upcoming season will see a decrease in avocado production worldwide. According to his estimates, which he shared in an interview with Redagrícola, the El Niño phenomenon will continue to bring weather anomalies that will affect both fruit size and harvested volumes. Paredes also reported that production challenges are currently being observed in not only Peru but also Mexico and Spain. The lower supply, however, is unlikely to cause significant financial losses to the industry, as it should drive up prices globally. According to the data released by ProHass, Peru’s avocado exports in 2023 reached approximately 570,000 metric tons, about 3% higher than the export volume registered in 2022. As noted by Paredes, the statistics vary depending on whether they are obtained from the Ministry of Agriculture or customs authorities, but in the worst case, the sector may ...

Source: Producereport