Avocado Prices Reach Record High After Terrible Harvest, Here Is How It Affects You
It’s the last thing we want to hear, but the days of affordable avocados might be a thing of the past, as avocado prices have been rising, hitting a record high this summer.
Per The Wall Street Journal, wholesale prices on avocados have surged by 75 percent since July after a bad harvest season in not only California, but in Mexico, as well. The U.S. can usually rely on Mexico for avocado backup, but a drought put the country behind on its usual production.
Now, a case of 48 Hass avocados is costing about $80, meaning retailers would have to sell each avocado for about $2 just to break even.
Avocado production is a bit tough to predict, as there could be a really good harvest one year, and a record-breaking terrible harvest the next, as is the case right now.
Chipotle, who spends 10 percent of its food costs on avocados, and Whole Foods, who just slashed prices after being acquired by Amazon, might be able to take the hit, but that might not be the case at other restaurants or supermarkets.
If you start seeing guacamole cost a little more than usual at your favorite taco spot, now you know why.
