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Exchange ratesmore »
Mexico: Avocado prices set to increaseRestaurants in Mexico might be seeing the prices of avocados go up even more.
The avocado season is ending in California, making Mexico the main producer of the fruit at this time of year but, with a recent farmers strike there, prices have skyrocketed. In just a year, producers have gone from exporting 45 million avocados a week to only about 13 million.
Businesses and customers could start feeling it.
The restaurant El Toro Bravo already charges $2.15 for guacamole. They say they have seen prices increase lately but it hasn’t gotten too bad just yet. “If it does get too expensive then of course we would have to raise the prices a little,” said Ibarra.
The restaurant says that fresh produce is a huge priority and they hope the strike doesn’t last much longer. “We wouldn’t raise the prices because we don’t want to lose the customers but it would affect us in that we would be lose more than we would gain,” said Ibarra. There are avocado suppliers around the southwest that are paying $70- $75 wholesale for a case of Mexican avocados. That’s almost double the normal price.
Avocado growers in Mexico started their strike in early July.
The growers want to receive more stable prices for their product.
Publication date: 10/20/2016
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