Aussie Avocados: Bumper Crop, Low Prices

0:00It's April 1st, I'm Cory with the story, this is Sydney News Today, driven by AI. Australia's avocado growers are swimming in a sea of green right now, with a massive bumper crop driving prices down to as low as 90 cents per, fruit and supermarkets. That's great news for your guacame, but it's coming from record harvests of Haas, from Western Australia, and Shepard from Queensland, flooding both. Local and global markets. They're hitting all-time highs, especially to Asia, where shipments have doubled over the past five years. Demand there is booming, with Aussie sending more to spots like Singapore, Hong Kong, Malaysia, and fresh markets in Thailand, India, Japan, Indonesia and Cambodia. Consumers are loving the deal, snapping up avos like never before, one for every Aussie on the shelves, but growers are feeling the squeeze hard, saying the prices they're getting don't even cover production costs this season. History folks note strong demand overall, with exports taking the bigger sizes retailer's

1:01skip. Retailers are playing nice too, keeping prices steady across the chain, and featuring avos front and center, even with everything selling out. This year has been brutal for farmers who saw the big crop coming, but didn't expect it quite this tough, oversupplies. The name of the game, keeping those plates full, and while it's happy for now.