The boom is partly due to ideal growing conditions after years of drought, he said. But it’s also a result of tens of thousands of avocado trees — planted three or four years ago when prices were high — now beginning to bear fruit. A recent increase in avocado imports has only added more guac to the pile.
In the land that allegedly invented avocado toast, the superfood that is its main ingredient is suddenly super cheap. A combination of increased supply and reduced demand — slashed by months-long lockdowns that shuttered cafes in Sydney and Melbourne — has sent the supermarket price of an avocado plummeting to about 60 cents, the Washington Post reports.
As Australia reopens and consumers salivate at the prospect of a hot avo-toast summer, farmers that were flush a few years ago are now feeling crushed. Some are dumping the formerly expensive fruit any way they can, including turning them into cooking oil or running them over with tractors.
This year production has risen by 65 percent, according to John Tyas, the CEO of Avocados Australia, an industry group.
“It’s a perfect storm of low prices,” Kemp said. “This has been coming for five or six years. I just didn’t expect it to hit us as hard as it has. It’s really smashed us.”
Long before avo toast became obligatory on American brunch menus, it was big in Australia, where newspapers mentioned it as far back as 1929 and a Sydney cafe began serving it in the early 1990s. As demand soared in the past decade — sparking a debate over millennial spending habits — Australian avocado production more than doubled.
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