Avocado Prices Are Skyrocketing
AVOCADOS COST WAY MORE THAN THEY DID A YEAR AGO, BUT IT'S NOT TRUMP'S FAULT
(CNN) – If you want to invest in something that is exploding in value, forget Wall Street; look at avocado futures.
Wholesale prices on the pitted fruit are more than double what they were just a year ago.
Avocados from Mexico cost a whopping 129% more!
Most of that is being passed onto consumers, with retail prices almost doubling.
Analysts attribute the spike to growing global demand and a natural seasonal dip in production both in Mexico and California.
It may pay to curb your guac craving for a while, prices are forecast to come down in about a month when production in Mexico ramps back up.
Almost 90% of the avocados you buy comes from our neighbor to the south.