Your guacamole and avocado toast is getting much more expensive.
As Bloomberg notes, as demand for the fruit is way up, prices are soaring. The average American ate about three and a half pounds of avocado in 2006 – but, that has doubled to nearly seven pounds of avocado per person by 2015. Demand is also way up in China and Europe.
And while more people are looking to get their hands on avocados, supplies are limited due heatwaves and drought in California – which expects to see production fall, according to Time. Peru’s crop is down due to flooding and Mexico, who produces 82% of the world’s avocados, has had a growers’ strike.
The average price of a Hass avocado was $1.25 each in March, which was up from 99 cents in February, according to the Hass Avocado Board.
Analyst Roland Fumasi told Bloomberg that the price increase is not going away anytime soon – with more prices of avocados expected to “remain at relatively elevated levels. It could be all the way through summer.”
