Avocado monthly review: March 2019

Despite comfortable volumes (10 % above the two-year average), the supply in March was 12 % less than in February. Some easing of the market was perceived, in spite of large volumes from the Mediterranean origins. Spain actually accounted for 34 % of the overall supply in March, with remarkably high levels (48 % above the two-year average). Israel, which reached peak production during this month, was not left out (15 % above the two-year average), accounting for 29 % of the overall supply. Chilean volumes were staggered, accounting for 13 % of the supply (levels 26 % below average). The supply was topped up by much smaller incoming Colombian and Mexican shipments (8 % and 6 % of the supply respectively). Finally, the first volumes from the summer origins appeared on the market. Peru made a very quiet start, with levels 55 % below the two-year average, while the first South African and Kenyan shipments were distinctly above average.

Thanks to the smaller Colombian and Mexican volumes, as well as the fairly late start by the summer origins, the market felt somewhat light, which had a positive effect on prices. They increased for the first time this year, albeit remaining below average (- 16 % as opposed to - 24% the previous month). However, the low retail prices (15 % below average) and numerous promotions helped demand pick up, and keep a fluid sales tempo, while preventing stocks from forming.

avocado - france - import price