Avocado prices smashed as 'perfect storm' hits growers

Avocado prices smashed as 'perfect storm' hits growers
Avocado farmers' returns are well down. (Image: BusinessDesk)
Brent Melville
Avocado farming is far from the sure bet it once was, with orchardists hammered by poor weather, oversupply from competing markets and escalating orchard costs.The result has been nothing short of a financial disaster for commercial Hass avocado growers.With only a few weeks left in the New Zealand season, volumes are expected to be at 4.4 million trays, down almost a third on the 6.4m trays pulled from orchards during 2022/23, according to data from industry body NZ Avocado.Returns peaked for NZ exporters at $167.8 million during 2020/21, cont...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024