It’s not your imagination: Avocados are more expensive. But no, Trump’s tariffs aren’t to blame.
But there are a few reasons the price of the popular fruit has spiked and is likely to continue to rise in the coming weeks.
For the first week of July, the wholesale prices of mid-sized avocados from Mexico were 129% higher than this time last year, said David Magaña, vice president and senior analyst at Rabobank based in Fresno, California.
“This is the highest price for this time of the year in at least a decade, the wholesale price was $84.25 for a 25-pound box compared to $37 the week of Independence Day 2018.
The increased wholesale price has been making its way to grocery stores.
According to the most recent Department of Agriculture weekly retail price report, the average national price of a Haas avocado was $2.10 July 5, compared to $1.17 from the July 6, 2018, report.
Why are prices up?
One is expanding global demands, including U.S. demand – it just continues to grow.
California’s avocado season is coming to an end and was the smallest crop in more than a decade, he said.
These high prices have to do with seasonal production in Mexico. “It’s normally the lowest at this time of the year.
Mexico is the top supplier of fruits and vegetables to the U.S., with $13 billion imported from the country last year. Almost 90% of avocados come from Mexico.
Prices are expected to drop in mid September.