Price Volatility for Avocados
- Created by: ekenny5
- Created on: 14-11-20 13:00
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- Price Volatility of Avocados
- Producers
- Mexico is the biggest producer, producing around 45% of the global supply of avocados (1,889 thousand tons)
- followed by Dominican Republic, Peru, Colombia, Indonesia ect
- Increasing Production
- from 2011-2017, the area of avocado plantations increased by 57.6% due to rising demand
- increased supply as a result of rising demand
- from 2011-2017, the area of avocado plantations increased by 57.6% due to rising demand
- Changes in price
- 2017
- rising prices due to surging global demand and reduced harvest
- W in PINTSWC
- rising prices due to surging global demand and reduced harvest
- 2018
- price drop as growers planted more trees - increased supply
- shift in supply curve
- price drop as growers planted more trees - increased supply
- 2017
- 2017 price change
- massive increase in demand increased price in the short term - supply shortages and scarcity
- July 2017 peak - 60.76 Mexican pesos per kg
- lower price by august due to a better harvest increasing supply
- technology of disease resistance crops (T in PINTSWC)
- price in November at 32.33, closer to what it was at the start of the year (26)
- massive increase in demand increased price in the short term - supply shortages and scarcity
- Changes of Equilibrium prices
- ^demand, ^e price ^e quantity
- decreased demand, lower e price, lower e quantity
- ^supply, lower e price, ^e quantity
- supply decreases, ^e price, lower e quantity
- Producers
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