Tired of Overpaying for Avocados? This Is the Growth Stock for You
Avocado toast may have become shorthand for millennial indulgences, but there's no question that avocado consumption has boomed in the United States. According to the U.S. Department of Agriculture, in the 20 years leading up to 2021, avocado consumption in the country tripled to nearly nine pounds per person per year.
Filling that demand hasn't been easy. It takes a long time to grow avocado trees, and U.S. avocado acreage has actually fallen during that time. As a result, imports, primarily from Mexico, have filled the gap. Prices for avocados have long been volatile, and according to the Producer Price Index, wholesale avocado prices have roughly quadrupled from their low in 2020.
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Source Fool.com
