Almost a year ago, I was worried that the Hass avocados in my favorite veggie wrap at a local restaurant would disappear. They did because they were just too expensive.
Now though, the price surge has ended:
But first some past and recent avocado history…
The First Hass Avocado
There really was a Rudolph Hass. While his day job was delivering the mail in Los Angeles, he tinkered with avocado seeds on the side. After some experimental grafting in his backyard, he came up with a variety that he patented in 1935.
His patent was the first for a tree:
While it took until the 1960s for more of us to start eating avocados, NAFTA made the difference. From a per person average of one pound of avocados in 1989, each of us now consumes more than seven pounds annually:
The price of avocados soared last year because hard winter rain and an “alternate bearing low crop” depressed output. This year though, Mexican growers have begun to boost crop totals through better pest control. They also expect the weather to improve.
Our Bottom Line: Supply and Demand
The avocado price rise and then fall are classic supply and demand. With less supply and more demand, price was much higher:
Recently, that higher price went down when supply increased:
My sources and more: My Minuteman primary source avocado/veggie wrap research was confirmed by this report from the USDA and Bloomberg. As the next step, you might enjoy some avocado history as did I at atlasobscura, Smithsonian, and also the Washington Post.
Please note that last May’s econlife on rising avocado prices was here.