Witnessing trade problems between Mexico and US

Vietnam wants to take on US avocado market

After US president Donald Trump’s threat to shut the U.S.-Mexico border raised fears American consumers could see a shortage, Vietnamese officials claim their nation is seeking to export avocados to the United States.

Avocado prices in the United States jumped by nearly 50% in April on fears that Trump would halt shipments from Mexico, which accounts for some 80% of its supply. Both processors and wholesalers began to stockpile the fruit as a result.

The United States imported more than 900,000 tons of Mexican avocados last year worth nearly $2.1 billion, 10 times the value it buys from the rest of the world, according to crop forecaster Gro Intelligence.

Avocados, typically used in guacamole or spread on toast, could be a high export earner for Vietnam, the government said in a statement on its website. Avocado consumption is on the rise in Vietnam as living standards improve, fueling interest amongst domestic buyers.

“Avocados are increasingly seen as a quality fruit that can be used in cooking and beauty products for women,” said Le Van Duc, deputy head of the department of crop production at Vietnam’s Agriculture Ministry. “The area of avocado plantation in Vietnam is rising due to that higher demand.”

That trend has also been driven by weak coffee prices, which have prompted Vietnamese farmers to switch to other crops, including avocados.

Source: theyucatantimes.com


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