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.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
At a time when businesses are facing unprecedented challenges as they deal with the coronavirus COVID-19, the Mission Viejo, Calif.-based Hass Avocado Board has renewed its commitment to support the industry.
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.