Mexican avocado group says operational pause will not meaningfully hit supply
Tweet
Share
E-mail
Avocados are pictured for sale at an outside fruit stall in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo Allegri
MEXICO CITY, Aug 6 (Reuters) - The Mexican Hass Avocado Association said on Thursday it does not anticipate a temporary operational pause to have a meaningful impact on market supply, after the U.S. suspended avocado inspections on exports in Mexico's Michoacan state over security concerns.
Current supply chain conditions are expected to support U.S. market needs in the short-term, the association added in a letter to members.
"While the situation continues to evolve, current supply chain conditions are expected to support near-term U.S. market needs," the letter said. "Product already in the supply chain and existing inventories are expected to continue meeting customer demand."
Inspections are required for avocados destined for the United States, meaning any prolonged suspension could slow or temporarily halt shipments from Michoacan, a key supplier to the U.S. market.
Mexico is on track to ship roughly 1.2 million metric tons of avocados to the United States in 2026, as strong demand from its top export market helps drive total Mexican avocado exports to a record 1.31 million metric tons, according to USDA data.
(Reporting by Cassandra Garrison; Editing by Kylie Madry)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oman responds to stranded vessel off Dhofar, state media says
- Trump likely to reject US industry requests for quicker polysilicon tariff, source says
- Nebraska regulator files complaint into The Andersons after unpaid farmer claim
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
