With the hospitality industry on hold, the price of avocados in New Zealand has dropped significantly. Stats NZ consumer prices manager Bryan Downes said the limits on cafés and restaurants being open during the lockdown caused a surplus of avocados, driving prices down for supermarkets and greengrocers.
Avocado prices fell almost 62 per cent in the year ending May, to about $2.21 per 200 grams – $3.50 cheaper than this time last year. Stats NZ data showed overall food prices fell 0.8 per cent last month, the largest monthly decrease since December 2017.
Downes said typically there was a price peak for avocados around May or June, but so far this year the price rise had been smaller than normal.