Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 30 March 2022 3:27 pm  |  Updated:  Wednesday 30 March 2022 3:34 pm

Avocado price skyrockets to highest in two decades as Mexican drug gangs feud

By: Jack Mendel

Add as a preferred source on Google

The price of avocados has skyrocketed to its highest for two decades, in part due to feuding drug gangs in Mexico which is one of the main global suppliers. 

The cost of the crop rose after a United States safety inspector in the country was threatened, leading to an import ban from the state of Michoacan, a key producer.

While the UK relies on numerous countries in South America for the fruit, it has been impacted by the global rise in its price, owing largely to the surging demand for it in the US, which has more than doubled in a decade.

 Farming of avocados has become very lucrative and has fuelled conflict between warring drug cartels. The standoff however has forced output of the fruit to drop by an estimated eight per cent this year, while prices have soared by more than 80 per cent to £29 per 9kg box, according to the Telegraph.

This comes as the cost of living crisis continues to push up prices for raw materials, energy, and put pressure on supply chains. 

Read more

£4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour

Getty Images logo displayed on a digital screen, symbolizing media and content licensing in a business context

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • US markets

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight

More from City PM

  • £4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour

    Tax
    Getty Images logo displayed on a digital screen, symbolizing media and content licensing in a business context
  • GSK says AI is reshaping drug pipeline as Nuvalent deal hits shares

    Tech
    GSK said total sales fell by two per cent in the third quarter
  • Government aid ‘worth £28bn’ handed to terrorists, criminals and hostile states

    Politics
    Whitehall and Westminster
  • Alkermes Announces Orphan Drug Designations for Alixorexton in the U.S. and Europe

    Business Wire
  • Regulator wins decade-long pricing tussle with Pfizer

    Legal
    Hikma reported a jump in profit for 2024
  • City trader: ‘My coke dealer came to the Canary Wharf office every day at 9am’

    Video
    Skyline of Canada financial district with modern skyscrapers and historic landmarks under a clear blue sky
  • Patent cliff fuels Novartis’ $1.5bn swoop for London biotech

    Healthcare
    Hikma produces generic drugs
  • GSK shares slip after buying US cancer treatment firm Nuvalent for $10.6bn

    Pharma
    GSK logo displayed prominently, signifying the companys presence and relevance in the business and healthcare sectors.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook