In spite of the crisis in cost-of-living Avocados are still affordable

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Despite the current crisis in cost of living the avocado is still reasonably priced with an expectation for a sustained level of cost-effectiveness. Australia is set to make a record of 139,000 tons of avocados this year and the expectation is that production will rise in the next five years.

But, the increase in production has raised concerns in the agricultural community due to the risk of an oversupply situation as many hectares of avocado trees are beginning to bear fruits. As a result, they are looking for different markets in order to reduce the risk of excess supply. Searching for new markets is partly driven by the outbreak and saw a decline in food demand at cafes and restaurants. This led to the possibility of food getting thrown away.

Despite an increase in hospitality demand sector, the hospitality industry faces challenges controlling the supply of. The 2020/2021 season saw the avocado harvest was more than 78,000 tonnes. This increased 56%, to 122,197 tonnes that was worth 403 million in the next season. There was a slight decline during the 2022/2023 season however, projections for 2023/2024 season predict 20 percent growth in the production of avocados, due to the 1,500 hectares of newly planted plants.

Based on Rabobank Analyst Pia Piggott, the fluctuations in the volume of production across Western Australia is due to the different bearing patterns used when it comes to avocado farming, which can lead to varying yields.

Source: abc.net.au

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Source: The Plantations International Agroforestry Group of Companies