🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Super Bowl Plans Spur Record Avocado Imports by U.S. From Mexico

Published 30/01/2020, 15:50
Super Bowl Plans Spur Record Avocado Imports by U.S. From Mexico

(Bloomberg) -- Americans gearing up for the Super Bowl this Sunday helped push imports of Mexican avocados to the best week of all time.

Almost 75 million pounds crossed the border from the world’s largest avocado exporting country in the week through Jan. 19, according to the Haas Avocado Board. That’s up 3% from the same period in 2019.

The industry is making a concerted push to capitalize on the peak avocado consumption day in the U.S., when consumers across the country buy guacamole in preparation for game day. In 2018, Mexico exported 2.5 billion pounds of avocados to the U.S.

“We expect to see volumes continue to trend upward,” said Alvaro Luque, the president and chief executive officer of industry association Avocados From Mexico. “Even at full production levels, the U.S. cannot fully supply the demand, creating a complimentary relationship between U.S. and Mexican avocado farmers.”

Luque added that retailers across the country are promoting avocados heavily during the leadup to the Super Bowl, and that his organization has partnered with hot sauce maker Cholula and beer brand Bud Light for a promotional campaign.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.