Avocado prices around the globe are on the rise.
The prices have hit a record high due to surging global demand and reduced harvests from major producers Mexico, Peru and California.
A 10kg box of Hass avocados from Mexico’s major wholesale producer sells for around 530 pesos ($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.
