Avocados smash records
Australia: Average avo price jumped 78%
Avocados and oranges are smashing records in domestic and export markets. In the vegetable industry, crops with increasing export market traction and likely price growth in the year ahead include asparagus, celery, broccoli and cauliflower, according to the research team of Rural Bankís Ag Answers.
Last year average wholesale avocado prices jumped 78% in the Brisbane market as the fruitís popularity grows rapidly across almost every age demographic. And although total avocado planting areas in Australia increased more than 1000 hectares to 3850 ha from 2011 to 2016, successful marketing efforts and Australiaís thriving cafe culture result in a demand which now regularly exceeds supply.
According to an article by queenslandcountrylife.com, export demand for navel oranges is also surging, with China increasing its imports from Australia by 60% last year to overtake Japan as our biggest market. China recognised South Australia as free of fruit fly in November, and exports from should be increasing in 2018.
Publication date: 1/29/2018
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