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Avocado prices surge to a 24-year peak

Avocado prices jumped to their highest levels in more than two decades amid tightening supplies in Mexico, the world’s biggest avo exporter. An index tracking avocado from the Mexican state of Michoacan, by far the biggest source in the country, climbed 81% this year to 760 pesos ($38) per 9-kilogram box, the highest in data going back to 1998.

Mexican avocado output is seen dropping by 8% in the 2021-22 crop year from a record high the previous season, according to the US Agriculture Department. American importers of the fruit are still catching up from a temporary ban on shipments from Michoacan last month stemming from threats against US inspectors.


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