Avocado prices have been at an all-time high this summer, much to the dismay of guacamole and avocado toast lovers everywhere. Demand is up, but bad weather has caused avocado farmers in Mexico and California to reduce their output, causing prices of our beloved green fruit to spike.
But some good news is finally here. According to Bloomberg, the wholesale price of Hass avocados has already dropped by more than 6 percent. Avocados grow on a two-year cycle, which means the trees produce large crops one year and smaller crops the next (who knew?). This was an "off" year, so in 2018, avocado crops should be plentiful. Plus, growers are planting more trees to meet the demand, said Robert Bonghi, the director of procurement and pricing at the Produce Alliance, a company that provides fresh produce to food-service clients.
All in all, things are looking up—or rather, down—when it comes to the price of your favorite trendy fruit. But don't get too eager. "You’re not going to see 10 avocados for a dollar,” Bonghi stated.
Oh well. Dare to dream.
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