Avocado prices set to drop to about $2 in time for summer
Australia’s love affair with smashed avo just got even tastier, with prices set to drop just in time for summer.
To keep up with skyrocketing demand, growers have been planting more trees and are now predicted to produce a record 75,000 tonnes of avocados over the 2017-18 summer.
It now appears the dreaded days of a six-dollar avocado are all but behind us.
An extra 9,000 tonnes will hit stores shortly, giving would-be homebuyers something to smile about.
“They’ll come back down to more like what they were at the start of 2017 and probably middle of last year when retail pricing was around $2.20 to $2.80 with those two-for deals where it’s two for $4 or $5,” Antony Allen, the CEO of avocado marketing firm Avolution, told News Corp.
“At the moment they’re around the $3.50 to $3.90 mark per piece, but at the end of the day it will all be determined by supply and demand.”
Industry experts they see no signs of the craze slowing down anytime soon.
Avocados Australia CEO John Tyas said he predicts that number could soar to 100,000 tonnes by the year 2025.
Riverland fruit grower Colin Fechner said it's a win-win situation.
"The volume of fruit going through the market keeps moving, the consumers are happy because fruit isn't stale, and everybody is happy," he said.
