Australia planted thousands of avocado trees over the past few years to keep up with demand. But is seems that demand hasn’t been as high as expected. As a result, people can now buy an avocado at an Australian grocer for just 1 Australian dollar. That’s less than half some US prices for the fruit.
Overall, the average price of a single avocado in Australian stores is down about 30 percent compared with a few years ago. And according to one estimate, Australia’s excess supply of avocados could provide every resident 22 for a year.
To deal with the avocado surplus, Australian companies are attempting to persuade residents to eat more of them. A more common idea for dealing with all the avocados might be to try to sell them elsewhere. Unfortunately, Australian avocado growers can’t sell in the US.