Mexico consolidates its dominance in the US while prices show slight signs of recovery
The close of week 48 in the US market confirmed a trend that has persisted over the past few months: Mexico continues to expand its absolute dominance in avocado imports. According to weekly movement reports, a total of 1,460 shipments entered the US, 97% of which originated in Mexico. The remaining 3% was distributed among California, Chile, and the Dominican Republic, with similar shares of just 1% each, insufficient to generate any significant impact on the competition.
Although California slightly increased its shipments compared to the previous week, the change was not significant within the overall market context. Mexico, on the other hand, registered a 5% increase in its shipments, driving total growth of 4% in weekly arrivals and 7% year-over-year.
In terms of prices, the picture is different. Prices show a broad improvement across all sizes, from the largest to the smallest. Size 60 stood out with an 11% weekly increase, while the other sizes saw rises between 5% and 6%. However, these variations do not yet indicate a trend reversal. Over the past five or six weeks, prices have fluctuated within a stable range, with upward and downward movements that remain well below the levels typically seen at this time of year in previous years.
Stable volume and low prices continue to define the current scenario. According to Antonio Villaseñor, the market is experiencing a period of abundant supply coupled with low prices, although he does not rule out the possibility of an improvement towards the end of December, driven by holiday-related consumption.
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