Are avocados at their lowest price? Short answer: YES!
The avocado’s popularity has broadened & they have been in high demand as more people strive to eat healthier and consume more fruits and vegetables. While the fruit is high in fat, most of it is of the unsaturated variety, which nutritionists say is beneficial. They’re also a good source of fiber, and don’t have any cholesterol.
“It has a big impact when it goes up and down,” chief financial officer Jack Hartung said on a conference call last month, noting that the cost for a case had fallen to below US$30 from nearly US$80 during part of the fourth quarter. “So, they’ve come back to kind of normal prices.”
During the week of May 13, the US market got a deluge of more than 60 million pounds (27.2 million kilograms) of the fruit. That compares with about 47 million pounds last year.
The market has been underpinned by ample supply from Mexico, the largest producer, and California, according to US Foods Holding’s May 18 farm report.
So you better snatch up some avocados while they’re cheap!
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