According to a study carried out by Agro.Ges, a consultancy specialising in agricultural matters, the production of avocados in the Algarve will generate annual revenue of €40 million in the creation of Gross Added Value.
At this point in time, there are an estimated 1,833 hectares of avocado growing in the Algarve. Currently, these already contribute some €20 million to the region's annual economy.
The study further indicates that water used by avocado farming is, on average, 6,500 m3/ha per year, which is similar to the average for dominant crops, in some cases even less.
Source: theportugalnews.com