Unfortunately, avocado prices have taken a record jump this past week, prices jumping almost 35% in a single day- the biggest increase since 2009. Michael Hirtzer from Bloomberg writes “Mexican avocado prices spiked as importers boosted purchases ahead of any potential border issues as Trump has threatened to close the border”, and is actively working to do so. Prices could more than triple if this happens.
Additionally, a heatwave last year in California delayed the harvest, making the U.S. even more reliant on Mexican supplies. Because California is late and it’s a smaller crop yield in comparison to previous years, Mexico is accounting for nearly all of our avocados.
We will continue to update as more information regarding the border as well as California availability comes to light.
