Avocado supply constraints due to drought and high temperatures in Mexico and Peru have led to increased revenue for major fruit distributors, with Mission Produce reporting a record $324 million in third-quarter revenue, a 24% rise from last year. Despite a 36% hike in consumer prices, avocado sales volumes remained steady, indicating strong U.S. demand. California’s unexpectedly large harvest has helped alleviate some supply issues, but overall U.S. avocado reliance on Mexico persists. Companies like Limoneira plan to expand production, anticipating continued strong consumer demand, although future price reductions may occur with an expected rebound in Peru’s supply.

Source: https://www.supplychaindive.com/news/avocado-shortage-prices-mission-produce-limoneira/726631/