SUBSCRIBERS
Australian avocado prices soar as supply goes pear-shaped
Published Sun, Feb 21, 2016 · 09:50 PM
Sydney
WHILE prices for most Australian commodities are bumping along the floor, local avocados are fetching a king's ransom thanks to hostile weather, strict quarantine laws and a Christmas binge.
Outside South and Central America, where the fruit is native, Australia has the highest per-capita consumption in the world, at an annual 3.2 kilogrammes, or about 15 fruits, according to industry body Avocados Australia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire