Vietnam eyes US avocado market as Mexico loses out

Vietnam eyes US avocado market as Mexico loses out

16.5.2019

Vietnam eyes US avocado market as Mexico loses out

Avocados could be a high export earner for Vietnam, according to a government statement

Vendors sell fruit at stalls on a street in Hanoi, Vietnam. File photo: GETTY IMAGES/ BLOOMBERG/ LUONG THAI LINH

The US imported more than 900,000 tons of Mexican avocados in 2018 worth nearly $2.1bn, 10 times the value it buys from the rest of the world, according to crop forecaster Gro Intelligence.

“Avocados are increasingly seen as a quality fruit that can be used in cooking and beauty products for women,” said Le Van Duc, deputy head of the department of crop production at Vietnam’s agriculture ministry.

Coffee prices hit their lowest in six years in May on fresh concerns over the US-China trade war and strong sales from Brazil.

“There will be lengthy negotiations, and more calculations are needed regarding the possible production scale and the quality to compete with other producing countries,” Duc said.

Read more: Business Day

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