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Australia has an oversupply of avocados

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.

Source: robbreport.com


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