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Avocado growers Australia:

‘Avo prices have hit their peak, supply continues to skyrocket’

There is good news for avocado lovers: They have likely paid the most they will ever pay for an avocado during summer, and the popular fruit will keep getting cheaper.

Over the past decade the avocado supply in Australia has skyrocketed, with production increasing by nearly 60 percent, according to Hort Innovation Australia. But up until now, demand has also been through the roof and only seasonal factors led to cheaper avocados.

This year, however, things have changed, and demand seems to have plateaued for the time being while supply is still on the up. According to one of Australia's leading avocado growers and distributors, Russell Delroy, it is the price drop that has been expected for a long time: “ It's a general trend going forward. [Avocado farmers] will look back at this year and think this year's values were particularly good."

Avocados are now regularly hitting the market for only a couple of dollars each. Prices could plummet to as little as $2 apiece. “I think that $2 to $2.50 retail price point is pretty fair value for everyone,” Avocados Australia chief executive John Tyas told ABC News.

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