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home / news releases / FDP - Avocados could get more expensive after Mexican import suspension


FDP - Avocados could get more expensive after Mexican import suspension

Consumers and restaurants alike are facing another supply crunch after the U.S. suspended all avocado imports from Mexico. The action followed a credible death threat issued to a U.S. safety inspector, who denied permission for a shipment from the Mexican state of Michoacán. A warning was previously issued in 2019, stating that export privileges would immediately be revoked following an earlier threat to another safety inspector. Get your guac in while you can: It's lucky that the Super Bowl just passed, but avocados are still the single largest American fruit import. Over 90% of the nation's avocados came from Mexico, which exports over 80% of its crop to the U.S. The market is even worth more than $2.5B each year, making it major industry (and a target for crime groups). Meanwhile, the monthly average price of an avocado has already climbed about 40% since January 2021, and consumers can now

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Avocados could get more expensive after Mexican import suspension
Stock Information

Company Name: Fresh Del Monte Produce Inc.
Stock Symbol: FDP
Market: NYSE
Website: freshdelmonte.com

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