Avocado prices are low. It's a trend that has been recorded since 2018 but that has been aggravated this year by Russia's invasion of Ukraine, which has increased the supply of avocados in the European market, the most important export market for Peru.
"There is a huge oversupply of Israeli avocado because that country can no longer export its product to the Russian Federation, its main market, due to the war with Ukraine. As a result, prices have reached very low levels," stated Jose Luis San Martin, commercial director of the American Fruits Export SAC company.
It should be noted that producers haven't achieved such low prices on the European markets since the 2018-2019 campaign. Last year, the box of four kilos of avocado was sold in Spain at a maximum of 14.80 dollars. Currently, the price has fallen to 8.34 dollars, causing great concern to Peruvian producers and exporters, Jose Luis San Martin stated.
In the case of the US market, the Peruvian campaign begins at the end of May and US buyers are evaluating how much fruit they will buy, due to the increase in supply from Mexico. "The lack of orders from the US market and the fact that contracts are not yet closed could affect Peruvian exports by decreasing the percentage calculated at the beginning of the year," he said.
Source: Agro Perú Informa / agraria.pe