The price of avocados in the United States has skyrocketed during 2022, reaching a price of $60.5 per Cartons 2 Layer package in June, the highest price in the last two years.
Throughout 2020 and 2021, the price of avocados, in its Cartons 2 Layer presentation, has fluctuated constantly in the United States, with prices generally decreasing at the beginning and end of the year, while the highest prices appear between the months of March and September.
By the end of 2021 and the beginning of 2022, the price of avocados followed this same trend, however, prices have not stopped increasing and by June the price has been the highest of the year, even reaching a maximum in the last two years with $60.5 per package.
Compared to June 2020 and 2021 ($36.0 and $38.23 per package), we observe a significant increase of 68.1% and 58.3%, respectively. This increase has been so significant that, even comparing the current price with the highest price recorded in 2021 ($44.25 in September), it represents an increase of 36.7%.
It is no coincidence that precisely during this 2022, the USDA has reported a significant reduction in the avocado supply compared to the two previous years, because, as we know, the less supply in the market, the more prices increase.
Regarding this, in June of this year, the USDA reported 184 million pounds, while for the same period in 2020 and 2021, more than 259 and 238 million pounds were recorded, respectively.
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