Mission Produce, Inc., the world leader in sourcing, producing, and distributing fresh avocados, today reported its financial results for the fiscal second quarter ended April 30, 2021.
Despite the pandemic, in 2020 Peruvian agricultural exports continued to grow, reaching $7.47 billion compared to $7.09 billion in 2019.
The pandemic and restaurant closings couldn’t slow the consumer demand growth for avocados.
Avocado consumption insights from Mission Produce, Inc., the world leader in sourcing, producing, and distributing fresh Hass avocados, shows that 100 million Americans are expected to celebrate Cinco de Mayo this year.
Marking a year of striving forward and strengthening synergies since Oppy acquired a 65% stake in Eco Farms last spring, the duo is now bringing California avocados — branded in the new Eco Farms label — to the market, celebrating the unification of the two companies.
As avocado demand continues to rise and retailers look forward to Cinco de Mayo and summer sales boosts, growing Mexican players in the marketplace offer additional options to meet supply.
Holiday avocado sales continued to grow as shoppers purchased a record number of fresh Hass avocados during the 2020 fall and winter holidays.
The swing of Spring is well underway and much of the fresh produce industry is transitioning to new harvesting regions. Though prices broadly are flat, volume continues to accelerate as spring crops begin harvest.
The California Department of Food and Agriculture recently completed a state-mandated referendum vote that determined the California Avocado Commission is approved to continue in operation for the next five years.
According to the head of the Ministry of Foreign Trade and Tourism (Mincetur), Claudia Cornejo, Peru managed to maintain its global leadership in various products in 2020 despite the current pandemic.