The global appetite for avocado is showing no signs of slowing down, and Bangladesh might grab a slice of this $15 billion market. Cultivation of the central American fruit has already gained in popularity in Bogura, Rajshahi, Dinajpur, Chapainawabgan and Khagrachhari, and agro-scientists are hopeful of commercial farming.
The avocado production this year was 700 kg, up from 200 kg, according to Mehedi Masood, post project director of Year-Round Fruit Production for Nutrition Improvement Project at the agriculture ministry.
The global avocado market is predicted to hit $21.6 billion by 2026 and grow at about 6 per cent between 2018 and 2026, according to Transparency Market Research.
Currently, more than 80 per cent of the world's avocado production is in the hands of 11 countries. Mexico leads this list with 33.9 per cent of the world production. So lucrative is the trade of the superfood that Mexican cartels have taken over avocado fields. It is followed by the Dominican Republic, Peru, Indonesia, Colombia, Brazil, Kenya, United States, Venezuela, Israel and China. The top avocado exporters are Mexico, the Netherlands and Peru.
"We have researched and planted 300 avocado seedlings commercially brought from Sri Lanka, Thailand and Vietnam," Masood said.
According to dhakatribune.com¸ researchers are observing avocado farming more than 5 years to know its quality, perfect place and weather, whether its suitable for cultivation or not.