Growers in Mexico are holding back supplies to keep prices elevated; very few stocks have been harvested since Wednesday, September 28. Mexican fruit crossing into South Texas is at an all-time low; demand exceeds supply. Availability will be extremely limited for the next few weeks. The market is expected to climb until Mexican growers begin releasing new crop fall fruit.
- Fewer-than-expected supplies continue to cross into the U.S. from Mexico due to several factors
- Growers are delaying new crop fall harvesting until the summer crop has been fully depleted
- By limiting production, growers hope to keep prices elevated and get a higher return on their crop
- Poor weather in Mexico has been disrupting harvests
- All sizes are extremely limited; demand exceeds supply
- Stocks are being shipped firmer/greener than normal due to strong demand and shorter ripening times
- Many shippers are pricing on the date of shipment in order to secure enough fruit to fill orders
- Value-added avocado supplies will tighten in the weeks to come
- Expect high prices and limited supplies for the month of October
Please contact your Markon customer service representative for more information.
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