Global trading platform Tridge
Services
Resources
Company
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

Analysis & Reports

Tridge Analysis

W10: Weekly Avocado Update

Updated Mar 16, 2023
Tridge's global market analysts and country representatives look into what happened in W10 in the global avocado landscape. In summary, in Peru, the Mediterranean avocado campaign is coming to an end in W10. The Northern Peruvian coast suffered a high volume of precipitations due to the Cyclon Yaku in the Pacific Ocean of Peru, causing flooding in the Peruvian highlands. In Kenya, AFA has expressed concern about poor transportation practices for avocados from farms to packhouses. The Kenyan Horticultural Crops Directorate is forecasted to do field surveillance of the avocado maturity situation. In Canada, researchers noted buyers plan to decrease the consumption of imported products such as Mexican avocados. In Canada, avocado prices are low at USD 27/kg but are forecasted to increase as Mexican growers enter production. In Chile, the avocado 2022/23 season is ongoing, with an estimated 186K tons projected by the country's Avocado Committee. On the other hand, Globally, the OECD and FAO reported avocados will become the most traded tropical fruit in 2030. Lastly, in Tanzania, nearly 900 acres are currently under avocados in Arusha with the potential to yield 1,000MT by 2027. In the 2023 avocado season, there has been a 50% increase in farm gate prices compared to the 2022 season.

Peru

Peru Would Send 22K More Tons of Avocado to Europe in the 2023 Campaign (Mar 10)

The Mediterranean avocado campaign is coming to an end in W10. All winter productions have been in deficit this season, except Colombia and Mexico, which have not been able to make up for the lack of production in Spain and Israel. Mediterranean avocados will continue to be available until W12, followed by production from Peru with sizable volumes, mainly arriving from early May to late August (W19 and W35), with a total production of 70K tons more than 2022 and a planned export to Europe of 22K tons more, an increase of 7% YoY.

Slow Supply of Mangoes and Avocados on the Northern Peruvian Coast Due to Flooding During W10 (Mar 12)

During W10, the Northern Peruvian coast suffered a high volume of precipitations due to the Cyclon Yaku in the Pacific Ocean of Peru, causing flooding in the Peruvian highlands and affecting the continued supply of fruits such as mangoes and avocados to packing houses. The weather could reduce the exported volumes for ETD W12.

Kenya

Inadequate Means of Transport Affect the Quality of Kenyan Avocados (Mar 6)

The Agriculture and Food Authority of Kenya (AFA) has expressed concern about poor transportation practices for avocados from farms to packhouses. The director of the Horticultural Crops Directorate reported some buyers use open pick-ups trucks to transport avocados, which affects the quality of the fruit. The AFA has developed strategies to protect the quality of Kenyan avocados by using the best mode of transport. Avocados should be well packed in crates and transported in a closed vehicle to ensure the quality of the fruit. Law enforcement has been contacted to set up roadblocks and arrest people transporting avocados in open pickup trucks.

Kenyan Government Review Opening of Avocado Season in W10 (Mar 7)

The Kenyan Horticultural Crops Directorate is forecasted to do field surveillance of the avocado maturity situation in W10 and advise on the season-opening by Monday, 13 March. According to them, fruit is still not ready, which is in line with the opinions of the majority of exporters.

Canada

Canadians Expected to Reduce Fresh Produce Consumption Due to Inflation in 2023 (Mar 7)

In W10, the Ontario Produce Marketing Association (OPMA) and the Provincial Government reported that one-fifth of buyers in Ontario, Canada, expect to reduce their fresh meat and produce purchases over the next three months. Researchers noted buyers plan to decrease the consumption of imported products such as Mexican avocados and tomatoes due to concerns regarding the price increase of fresh fruits and vegetables.

Snow in Southern Regions of California and Mexico Affected Canadian Consumers in W10 (Mar 7)

Inclement weather in Southern California and Mexico, the most popular origin regions of produce import for Canada, has affected the prices of commodities such as lettuce, cauliflower, broccoli, and celery. During W10, cauliflower prices increased by 8% WoW to USD 32/kg, while asparagus prices rose by 40% from the previous week due to stunted growth and delayed harvests in Mexico. Avocado prices are comparatively low at USD 27/kg but are forecasted to increase as Mexican growers enter production.

Chile

Chile’s Avocado Industry Continues to Grow Steadily in 2023, Reaching New Export Records (Mar 11)

The Chilean avocado 2022/23 season is ongoing, with an estimated 186K tons projected by the country's Avocado Committee. This product continues to increase its presence in the international market, with a significant amount of Chilean production destined for Western Europe. Around 100K tons are forecasted to be exported, while 45% will be allocated to the domestic market and 55% for export. Regarding the international market, while Chile can't compete with Mexico, it exported 7% of the total 124K tons to the United States during the last season. Europe remains the main market, accounting for approximately 69% of the exported fruit in 2021/22. Argentina follows with 15% and China with 7.4%. Compared to the previous season, which produced 220K tons, the estimate for the season decreased due to the climate, with particularly challenging conditions during 2022 according to producers. September frost impacted many farmers, with some experiencing the total loss of their crops.

Global

Avocado Will Be the Most Traded Food by 2030, Globally (Mar 10)

The Agricultural Outlook 2021-2030 of the Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO) reported avocado will become the most traded tropical fruit in 2030. By 2030, avocado production is projected to increase to 12M metric tons, of which up to 3.9 MT will be exported, exceeding both pineapples and mangoes in volume. 

Tanzania

Two Districts in Tanzania Have Set Aside 900 Acres of Land for Avocado Cultivation (Mar 7)

Tanzania through the financed GROWTH project has imparted skills through training on good agricultural practices to 554 avocado and banana crop growers and 18 government officers from Arusha and Meru district councils to produce high-quality crops. Nearly 900 acres are currently under avocados in Arusha with the potential to yield 1,000MT by 2027. Tanzania is expected to export 15,000MT of avocado oil in 2023 at an estimated value of USD 45M.

Tanzanian Avocado Price for the 2023 Season Increased by 50% YoY (Mar 11)

In the 2023 Tanzanian avocado season, there has been a 50% increase in farm gate prices compared to the 2022 season. The average farm gate price in the 2022 season was USD 0.43/kg. The price increase is mainly due to an increase in the amount of buying companies at the farm gate level and high demand from consumer countries.

Everything you love about a trade show, made 24/7
Sponsored by
image

Recommended exhibitors for you

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.