After avocado prices rose significantly in a short amount of time last month, the market for avocados has been steady. If California keeps up stable production, prices are expected to remain steady through the summer.“Prices were too low until May, then there was a dramatic rise in prices in the middle of the month as Mexico decreased its volume,” said Phil Henry of Henry Avocados. “Now that movement is stable, the market is stable.” On June 10, prices for a lug of Hass 32s from California were mostly between $36.25 and $37.25. Henry believes that kind of market can stretch from late-spring to August.
California's avocado production is expected to be better than that from the previous year. Last season's haul was under 300 million pounds for the state, and this year's crop is expected to be about 390 million pounds. Though more rain this year has certainly helped avocado trees, more water isn't the reason for this season's bump in production.
“We've had a little more rain, but not enough to make a difference,” noted Henry. “You also have to remember that this year's fruit set on the trees last spring, so it's been there for over a year. The reason for a bigger crop is that trees simply produce more in some years than in others. Throughout the history of California's harvest, production has fluctuated quite a bit from year to year.”
For more information:
Phil Henry
Henry Avocado
+1 760 745 6632