I hate to start your Monday off with bad news, but I've got a job to do. And part of my job is telling you this: Avocado prices have reportedly doubled since July 2018. Things are not looking good.
According to USA Today, the Department of Agriculture's weekly price report revealed Hass avos are currently going for around $2.10. But exactly one year ago, the average was $1.17. Meanwhile Rabobank senior analyst David Magana says wholesale prices have risen 129 percent ($84.25 versus $37 for a 25-pound box) since 2018, as well. "This is the highest price for this time of the year in at least a decade, probably more," he added. Probably more? THAN A DECADE??? We've got a crisis on our hands, folks.
So what's the deal? Per Magana, California had its smallest crop in ten years. Less product means more expensive. But it's also not the *only* cause here. We're too obsessed, apparently. "One is expanding global demands, including U.S. demand—it just continues to grow,” he said. “Avocados are not only consumed now for Super Bowl or during Cinco de Mayo celebrations but year-round consumption." There's a real supply-and-demand problem.
And while sure, pricey avos aren't a good thing (the opposite, in fact), they're still relatively cheap in the scheme of things. So maybe just account for a little extra in your grocery budget. It's worth it.
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