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Holy guacamole! Avocados at record prices due to shortage




If you're a lover of guacamole, chocolate avocado shakes or smashed avocado on toast, get ready to pay more for your fix of the green fruit.

Avocado prices have risen to a record due to surging global demand and reduced harvests from major producers Mexico, Peru and California.

A 10-kilogram box of Hass avocados from Mexico's biggest producer sells for around 530 pesos (£21.78; $27.89).

That is more than double last year's price, according to Bloomberg data.

Analysts expect prices to remain at "elevated levels" after a growers strike in Mexico and drought in California led to a severe supply crunch last year.

Mexico supplies 82% of avocado shipments into the US, according to data from the Hass Avocado Board, but that is expected to drop.

California production is forecast to be down about 44% this year.

Peru has also downgraded this year's crop forecast following severe flooding in its southern growing regions.
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