In Brisbane, avocados have plummeted to just 9 cents each as Australia faces a growing surge in production. Avocados Australia explained that while the price of the fruit can be impacted by many factors, for example quality, pack type, size, supply and demand, the underlying issue is that there is an exceptionally strong supply of avocados.
In the 2021 to 2022 financial year, the country produced over 122,197 tons of avocados, which was 56 per cent more than the previous year. Queensland was the highest producer, accounting for 48 per cent of production, and Western Australia came in second with 39 per cent.
Looking to the future, avocados are set to smash production records with the country on track to produce an average of around 170,000 tons per year by 2026, that's a 118 per cent increase on the above figure.
Source: au.news.yahoo.com