Your avocado toast is about to get even more expensive as the price of avocados hits a record high. Last week, the Mexican government announced that a 22 pounds of avocados from Mexico’s biggest producer now costs $27.89, which is double what it cost last year and the highest prices have been for the last 19 years.
The surge is down to a 44 percent decrease in the avocado harvest coupled with the rising trendiness of the fruit. But it’s not just US supply and demand issues that are affecting prices, worldwide demand for avocados has risen in recent years, especially in China and across Europe, taking a large part of the available fruit away from US consumers.
The news comes just in time for Cinco de Mayo, so you might want to start preparing yourself for a guacamole free celebration.
Thankfully, this year’s smaller harvest is down to normal variations in avocado trees that usually yearly alternate between large and small harvests, so next year things should be looking up.