Australian avocado prices plummet amid oversupply spurred by bumper harvest

Australians who can’t resist smashed avo for breakfast might have observed a welcome change to the worth of their favorite fruit.

For weeks, the worth of avocados has constantly dropped – dipping as little as $1 for an avocado at supermarkets or greengrocers.

That’s a far cry from the summer time of 2018 when a single avocado would set you again $9.

The distinction between from time to time, the business’s peak physique says, is a big oversupply.

Fuelled by a bumper harvest and months of lockdown retaining thousands and thousands out cafes, there’s extra avocados in farms than there are on grocery store cabinets.

Australians who can’t resist smashed avo for breakfast may have noticed a welcome change to the price of their favourite fruit.
Australians who can’t resist smashed avo for breakfast might have observed a welcome change to the worth of their favorite fruit. Credit: AP

Avocados Australia CEO John Tyas stated the provision means the fruit is “awesome value for money right now”.

“Avocados are a healthy natural product that is ideal for so many varied recipes and we really want to encourage avocado lovers to have more of what they love, Aussie avocados,” he stated.

This yr’s harvest is about 65 per cent up from final yr.

From now till Christmas, Tyas stated, manufacturing is predicted to be up 150 per cent in comparison with the identical time interval final yr, which means prices ought to keep comparatively beneficial for customers.

Avocados Australia CEO John Tyas said the supply means the fruit is “awesome value for money right now”.
Avocados Australia CEO John Tyas stated the provision means the fruit is “awesome value for money right now”. Credit: AAPIMAGE

“This year’s Hass crop is of excellent quality, and we’ve had good growing conditions across most of our production regions,” he stated.

“So lovers of Aussie avocados should keep celebrating ‘Our Green Gold’.”

According to Avocados Australia’s business knowledge, avocado consumption can also be climbing.

It says the typical Australian customers 4 kilograms of avocado per yr, with that determine anticipated to rise to 5 by subsequent yr.



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