Green gold: Mexican avocados, beloved in U.S., fuel multi-billion dollar market




  • In Business
  • 2022-09-28 11:32:33Z
  • By Reuters
 

By Cassandra Garrison

MEXICO CITY (Reuters) - Hass avocado imports from Mexico, the main ingredient of guacamole - a favorite Super Bowl snack - are now worth $4 billion, up from about $2.5 billion two years ago, according to a new study by Texas A&M University.

A person in the United States now eats an average of more than nine pounds (4 kg) of Mexican avocados a year, the university researchers found. That's up from just over a 1 pound (450 grams) in 1990.

The report, which was funded by MHAIA, the Mexican Hass Avocado Importer Association, was seen by Reuters ahead of its public release on Thursday.

The United States is the main importer of Mexican avocados, taking in 1.1 million metric tons of the product in 2021, according to the USDA.

A growing Hispanic and Caribbean population in the United States has helped fuel demand, the report found. Though "guac," a nickname for guacamole often used in the United States, has evolved as a beloved staple among Americans of many backgrounds, said Alvaro Luque, president of Avocados from Mexico, a marketing arm of Mexico's avocado industry.

"What we call the 'colossal consumer' of avocados in the U.S. is related to non-Hispanic males, these guys are the ones eating avocados like crazy, used in guacamole while watching their football games," Luque told Reuters.

Mexican avocados primarily grow in Michoacan state, the only place on earth where avocado trees bloom four times a year, instead of just once. The state has rich volcanic soil, healthy precipitation and the right elevation for growing, a trifecta of ideal avocado conditions.

Michoacan, however, has long been one of the most troubled states in Mexico, convulsed by turf wars between criminal organizations.

In February, the U.S. temporarily suspended its avocado inspection program in the state after one of its officials received a threatening phone call. Despite the setback, the Mexican avocado industry did not clock a major economic hit, the report showed.

(Reporting by Cassandra Garrison; Editing by Sandra Maler)

COMMENTS

More Related News

In Mexico, lack of resources aggravates impunity in gender crimes - group
In Mexico, lack of resources aggravates impunity in gender crimes - group
  • US
  • 2022-12-02 03:31:13Z

Less than half of femicides in Mexico result in convictions, research group Impunidad Cero said on Thursday, pointing to a lack of resources directed at...

Mexico to hike minimum wage by 20% in 2023, raising inflation worries
Mexico to hike minimum wage by 20% in 2023, raising inflation worries

Mexico will raise the minimum wage by 20% next year after employers, labor representatives and the government reached an agreement, officials said on...

Mexico, U.S. trade officials discuss energy, corn exports, environment
Mexico, U.S. trade officials discuss energy, corn exports, environment

U.S. Trade Representative Katherine Tai met Mexican Economy Minister Raquel Buenrostro and stressed the need to make progress in talks over Mexico's energy...

Channel 9 travels across NC looking for friends of Shanquella Robinson
Channel 9 travels across NC looking for friends of Shanquella Robinson
  • US
  • 2022-12-01 21:19:08Z

The family of Shanquella Robinson is still searching for answers after her mysterious death in Mexico.

Reckitt expects U.S. infant formula shortage until spring
Reckitt expects U.S. infant formula shortage until spring

LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to "persist...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business