Categories: Business Commodities

Boom for Kenyan avocado farmers as California drought bites

Kenyan farmers could benefit from a sharp rise in the price of avocados on the international market in the coming weeks because of a shortfall in production in California, the leading US exporter.

The production shortfall is blamed in part on severe heat during last summer when the avocados that are currently being harvested were still maturing. That was on top of the long drought that affected the state and, when the heavy rains finally arrived in the winter, it was too late.

Kenyan coffee farmers have been switching production to avocados in recent years as demand for the product has skyrocketed on the international market.

Kenya sells around £180 million worth of avocados to the UK alone each year.

But consumer experts have warned of the danger of over-relying on avocados as there has already been a reaction in the ethical consumer market – which forms a significant part of people who buy the product – to purchasing avocados grown in developing countries.

The reaction is in part fueled by concerns over air miles, the distance and environmental cost of bringing in avocados from developing countries, but also the consequences, in that avocados could become unaffordable for local consumers.

Story by Daily Nation Kenya

More From Author

ACCA

https://www.accaglobal.com/africa/en.html

Read More

Economist @ Money 02 May 2020

Join the host and guest as they look at various economic issues.

Read More

Women @ Money – “Strategic Planning”

Listen to the host Nkhonde Fumbeshi as she discusses “Strategic Planning” with Dr Freda Mwamba…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Electronic Export Proceeds Tracking Framwork receives US$1.4 billion

• Of this amount, only about US$500 million has been reconciled. • There is no…

Read More

ZCSA seizes non-compliant electrical items valued at over K290, 000

Non-compliant electrical products valued at K42,090 were withdrawn from the market and will soon be…

Read More

Forex Reserves surge to US$3.6 billion, as policy rate increases to 13.5 percent

  This is equivalent to 3.9 months of import cover. This is compared to US$3.3…

Read More