- Author: Ben Faber
Here's an example of the kind of information that can be both exciting and disappointing - forecasts of the future of the citrus and avocado industries and many other fruit and nut crops. The latest forecasts are available form the USDA - Economic Research Service:
Wednesday, April 24, 2019
Imports play a significant role in meeting the U.S. demand for avocados. Since the mid-1990s, imports of avocados have grown sharply as per capita consumption has grown, representing 87 percent of domestic use in the 2017/18 marketing year. USDA forecasts that imports will make up an even larger share of supply in 2018/19, mainly because California's crop is expected to be smaller than in recent years. Contributing factors to this reduced crop include record-breaking heatwaves in July 2018 followed by record-breaking wildfires, as well as recent rains and cold weather, and the general alternate-year-bearing nature of avocado trees (whereby a large crop one year is followed by a smaller crop the next year). Because over 80 percent of all U.S.-produced avocados each year are from California, California's low harvest in 2018/19 should boost U.S. demand for imported avocados (especially from Mexico) even higher than it has been in recent years. If USDA's forecast is realized, imports in 2018/19 will represent 93 percent of the domestic avocado supply. This chart appears in the ERS Fruit and Tree Nuts Outlook newsletter, released in March 2019.
Fruit & Tree Nuts
Provides current intelligence and forecasts the effects of changing conditions in the U.S. fruit and tree nuts sector. Topics include production, consumption, shipments, trade, prices received, and more.
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