The Avobook W 25 Report also shows that in China there has been a large increase in the price of some calibers, compared to the same date last year

As expected, given the suspension of shipments from Michoacán to the United States, the Avobook W 25 Report shows no shipments to its neighboring market. A review of the volume from that origin reveals a decrease from 33 million pounds to 27 million, leaving it with a 50% market share.

However, as Avonews reported midweek, Mexican avocados still remain in stockpiles, at 22.3 million tons. This puts them on par with California avocados, which this week captured nearly a third of the North American market. Peru follows, having seen a significant jump to a 14% market share, and Colombia holds 5%. The Peruvian situation is particularly promising, with figures showing an increase from 6.1 million pounds to 7.5 million pounds, and projections indicate continued growth.

In terms of prices, the Avobook Report was accurate in predicting that prices would see their biggest jump of the year this week, just as they did in 2023. Of course, it was even bigger than expected. One example is the price of .48 caliber cigars, which jumped from $57 to $70 for a 25-pound box.

Europe watches Brazil depart, and Peruvian avocados exceed 500 containers

In Europe, Brazil is already concluding its harvest, so it is expected to gradually reduce its shipments, reaching one or two containers per week by the end of July.

Peru saw growth compared to last week, exceeding 500 containers and reaching a 64% market share. In Spain and the Dutch port area, a particular situation exists: there are price differences, with prices increasing in one and remaining stable in the other. Specifically, the Avobook Report shows that, on the Iberian Peninsula, there has been an increase in the prices of medium and large sizes. For example, size 24 rose from €2 to €2.6 per kilo for a 4-kilo box.

Meanwhile, in Amsterdam, the valuation remains very similar to previous weeks, but there is a good level of retail sales, with good prices even for small sizes.

China shows (finally) recovery in prices

China is finally showing a recovery in prices, in a market where Peru is once again almost the only player, as shipments from Kenya disappear from the map.

The benchmark price reveals a striking statistic: a 4-kilo box of 18-24 gauge (medium and large) shot was at its lowest point last year, trading at $4.68. During the same week this year, the same box reached $11, representing a 135% increase.

In the week-to-week comparison, sizes 24 and 22 saw the biggest increases (10%), while the smaller sizes had slight increases.

Review the full Avobook W 25 Report at the following link.

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