Despite increased volume this year and lost foodservice business because of the COVID-19 crisis, avocado prices will remain steady through 2020 and into the first quarter of 2021, a new report from Rabobank predicts.
Mexican avocado growers, packers and exporters are investing $12 million in a facility that will house research labs, U.S. and Mexico department of agriculture offices, and a research and development avocado orchard.
(UPDATED, Nov. 2) Mexican avocado farmers became a target of organized crime in the 1990s when the industry was just beginning to experience booming growth, an investigation by Mexico’s attorney general said.
(UPDATED, Aug. 14) Sparking a 400-point rally in the Dow Jones Industrial Average, the United States Trade Representative said Aug. 13 the U.S. will delay tariffs on some imports from China until Dec. 15.
Buoying stock prices and industry hopes on Oct. 11, China and the U.S. have agreed to what President Trump called a “very substantial phase-one deal” to take heat out of the trade war that began last year.
With a hint of possible trade retaliation against U.S. agricultural imports, Mexican industry leaders have warned that the current proposal from the U.S. create a new tomato suspension agreement is unacceptable.
With plenty of drama and plot twists, negotiations related to the tomato suspension agreement between Mexican growers and the Department of Commerce are continuing, according to an official with the U.S. agency.