{"id":349815,"date":"2024-06-25T13:50:08","date_gmt":"2024-06-25T03:50:08","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=349815"},"modified":"2024-06-25T14:01:44","modified_gmt":"2024-06-25T04:01:44","slug":"avocado-crop-continues-to-grow","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/","title":{"rendered":"Avocado Crop Continues To Grow"},"content":{"rendered":"
\"\"<\/a>
Production of Australian avocados continues to grow, keeping prices low, according to Rabobank<\/figcaption><\/figure>\n

June 25, 2024<\/strong><\/p>\n

Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.<\/p>\n

However, the world\u2019s growing appetite for avocados was offering growers some relief, with increasing export demand for Australia\u2019s produce.<\/p>\n

The “Global Avocado Update 2024” report said production forecasts for the financial year 2023-24 Australian avocado crop were up by 20 per cent year-on-year to a record 139,000 metric tonnes.<\/strong><\/p>\n

The growth had been driven by more than 1500ha of avocado planting expected to reach maturity this year, bringing extra supply to the market, according to report co-author Pia Piggott.<\/p>\n

\u201cAnd expansion in Australian avocado production is set to continue with more than 4000ha of orchards maturing in the next five years,\u201d Ms Piggott said.<\/p>\n

But while demand for avocados among Australian consumers continued to grow, the local market remained oversupplied, with prices languishing at low levels.<\/p>\n

Rising export demand was offering the biggest market growth opportunity.<\/p>\n

Ms Piggott said the export market accounted for 13 per cent of Australia\u2019s total avocado production, with exports rising 55 per cent.<\/strong><\/p>\n

Hong Kong, Singapore and Malaysia remained key markets, but there had also been significant growth in volumes to Japan (up 193 per cent) and “the rest of the world” (up 621 per cent).<\/p>\n

However, export prices, on average, had declined by 9 per cent in 2023 to $4.59\/kg.<\/p>\n

\u201cNew market access to Thailand and India will help diversify exports,\u201d Ms Piggott said.<\/p>\n

\u201cHowever, this will unlikely be enough to keep prices from a downward path.\u201d<\/p>\n

Australian retail prices remained about the same as this time last year.<\/p>\n

\u201cHowever in the past year, there has been a lot of volatility in avocado prices, reflecting periods of fluctuating seasonal supply,\u201d Ms Piggott said.<\/strong><\/p>\n

She said the bank expected avocado prices would remain volatile \u201cand we may see some increase in prices in the summer months as Western Australian avocado production is in an \u2018off year\u2019, with crops bearing less fruit\u201d.<\/p>\n

\u201cBut after this, supplies will again start to increase and prices are expected to decline,\u201d she said.<\/p>\n

Mexico remains the world\u2019s largest avocado exporter and is likely to surpass 1.5 million metric tons in coming years.<\/p>\n

Peru is projected to approach 650,000 metric tons by 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.<\/p>\n","protected":false},"author":20,"featured_media":116249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[83,1134],"yoast_head":"\nAvocado Crop Continues To Grow - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avocado Crop Continues To Grow - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T03:50:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-25T04:01:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/07\/20150729-avocados1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anne Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anne Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/\",\"name\":\"Avocado Crop Continues To Grow - southburnett.com.au\",\"isPartOf\":{\"@id\":\"https:\/\/southburnett.com.au\/news2\/#website\"},\"datePublished\":\"2024-06-25T03:50:08+00:00\",\"dateModified\":\"2024-06-25T04:01:44+00:00\",\"author\":{\"@id\":\"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/d43a5027bdddc95f54e9c6274d8a57ae\"},\"description\":\"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.\",\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/#website\",\"url\":\"https:\/\/southburnett.com.au\/news2\/\",\"name\":\"southburnett.com.au\",\"description\":\"Kingaroy and South Burnett News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/southburnett.com.au\/news2\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/d43a5027bdddc95f54e9c6274d8a57ae\",\"name\":\"Anne Miller\",\"url\":\"https:\/\/southburnett.com.au\/news2\/author\/anne-miller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Avocado Crop Continues To Grow - southburnett.com.au","description":"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/","og_locale":"en_US","og_type":"article","og_title":"Avocado Crop Continues To Grow - southburnett.com.au","og_description":"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.","og_url":"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/","og_site_name":"southburnett.com.au","article_published_time":"2024-06-25T03:50:08+00:00","article_modified_time":"2024-06-25T04:01:44+00:00","og_image":[{"width":"620","height":"385","url":"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2015\/07\/20150729-avocados1.jpg","type":"image\/jpeg"}],"author":"Anne Miller","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anne Miller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/","url":"https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/","name":"Avocado Crop Continues To Grow - southburnett.com.au","isPartOf":{"@id":"https:\/\/southburnett.com.au\/news2\/#website"},"datePublished":"2024-06-25T03:50:08+00:00","dateModified":"2024-06-25T04:01:44+00:00","author":{"@id":"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/d43a5027bdddc95f54e9c6274d8a57ae"},"description":"Australia\u2019s avocado industry is grappling with another year of increased production and low prices, according to the latest report by Rabobank.","inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/southburnett.com.au\/news2\/2024\/06\/25\/avocado-crop-continues-to-grow\/"]}]},{"@type":"WebSite","@id":"https:\/\/southburnett.com.au\/news2\/#website","url":"https:\/\/southburnett.com.au\/news2\/","name":"southburnett.com.au","description":"Kingaroy and South Burnett News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/southburnett.com.au\/news2\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/d43a5027bdddc95f54e9c6274d8a57ae","name":"Anne Miller","url":"https:\/\/southburnett.com.au\/news2\/author\/anne-miller\/"}]}},"_links":{"self":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/349815"}],"collection":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/comments?post=349815"}],"version-history":[{"count":5,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/349815\/revisions"}],"predecessor-version":[{"id":349821,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/349815\/revisions\/349821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/media\/116249"}],"wp:attachment":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/media?parent=349815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/categories?post=349815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/tags?post=349815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}