date:Jan 06, 2016
The fear that rising demand for avocados would make the fruit prohibitively expensive seem to have been unfounded. Calavo Growers Inc. said sharply lower avocado prices were a key challenge in its fiscal fourth quarter, weighing on results at its fresh foods division.
During our fiscal fourth quarter, the industry experienced prolonged and meaningful downward pricing pressure on per-unit avocado prices, Chief Executive Lee Cole said in the companys earnings release. This was a unique situation,