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Peru: US markets saturated with Mexican avocado

After finally being allowed to provide the US with their produce, avocado producers in Peru experienced a bitter setback last month, as avocados from California and Mexico have flooded the markets. So far, 10 years of waiting and negotiating have resulted in an export in which price levels dropped by 25%.

While Peru anticipated sending 50% of the available export to US markets, only a third (768 containers) was actually shipped. The surplus was diverted to Europe, where prices weren’t exactly soaring either.

José Antonio Gómez of Camposol, the number 1 exporter of Peruvian avocado, said that in spite of the low returns, Peru was forced to sell. Otherwise the surplus would have been devastating. “We are now hoping for Chile to open up as a market,” he says. “Japan and China are also options.” Still, Gómez has high hopes for the future, now that US markets have had a chance to taste the Peruvian avocado.

Source: AgroNegociosPerú