Super Bowl Plans Drive Record Avocado Imports From Mexico
Super Bowl Plans Spur Record Avocado Imports by U.S. From Mexico
(Bloomberg) --
Americans gearing up for the Super Bowl this Sunday helped push imports of Mexican avocados to the best week of all time.
Almost 75 million pounds crossed the border from the world’s largest exporter of the fruit in the week through Jan. 19, according to the Haas Avocado Board. That’s up 3% from the same period in 2019.
The industry is making a concerted push to capitalize on the peak avocado consumption day in the U.S., when consumers across the country buy guacamole in preparation for the game. In 2018, Mexico exported 2.5 billion pounds of avocados to the U.S.
“We expect to see volumes continue to trend upward,” said Alvaro Luque, the president and chief executive officer of industry association Avocados From Mexico. “Even at full production levels, the U.S. cannot fully supply the demand, creating a complementary relationship between U.S. and Mexican avocado farmers.”
Luque added that retailers across the country are promoting avocados heavily during the leadup to the Super Bowl, and that his organization has partnered with hot sauce maker Cholula and beer brand Bud Light for a promotional campaign.
Mexico remains the top supplier to the U.S. with 87% of market share in 2018, according to a December report from the U.S. Agriculture Department. Producers in the Latin American nation are looking to increase yields to meet booming global demand.
The record week is good news for the industry, which has faced issues related to cartel violence as groups seek to muscle in on the increasingly profitable avocado trade. Last year, a potential security incident led the USDA to briefly suspend Mexico’s Haas Avocado Program certification activities in Michoacan state.
To contact the reporters on this story: Justin Villamil in Mexico City at jvillamil18@bloomberg.net;Marvin G. Perez in New York at mperez71@bloomberg.net
To contact the editors responsible for this story: Carolina Wilson at cwilson166@bloomberg.net, Pratish Narayanan, Christine Buurma
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