Vietnam eyes to export of avocados to the U.S market

Vietnam is seeking to export avocados to the United States, the Southeast Asian country said on Thursday, after U.S. President Donald Trump’s threat to shut the U.S.-Mexico border raised fears American consumers could see a shortage.

Avocado prices in the United States jumped by nearly 50% in April on fears that Trump would halt shipments from Mexico, which accounts for some 80% of its supply. Both processors and wholesalers began to stockpile the fruit as a result.

The United States imported more than 900,000 tonnes of Mexican avocados last year worth nearly $2.1 billion, 10 times the value it buys from the rest of the world, according to crop forecaster Gro Intelligence.

Avocados, typically used in guacamole or spread on toast, could be a high export earner for Vietnam, the government said in a statement on its website.

According to a report by Khanh Vu on Reuters, Avocado consumption is on the rise in Vietnam as living standards improve, fuelling interest amongst domestic buyers.

 

FILE PHOTO: A woman eats guacamole in this picture illustration, in Mexico City, 
Mexico April 2, 2019. REUTERS/Luis Cortes/File Photo
%d bloggers like this: