Even in a week when almost 63 million pounds of avocados were available for sale in the U.S. market, demand continued to outstrip supply and the FOB price remained extremely high.
In preparation for California’s upcoming avocado season, Del Rey Avocado has introduced a Compac packing line.
“We are very excited as it will allow us to pack more fruit in less hours so our efficiency and total output will increase drastically,” said Patrick Lucy, president of the Fallbrook, CA-based company. The new line is the year-long project of Jessica Hunter, CEO of Del Rey.
The avocado’s surge in popularity has defied gravity over the past decade and once again it appears headed in that direction as f.o.b. prices are almost record-breaking even as volume increases.
During the four full weeks of January, Mexico sent more than 222 million pounds of avocados to the U.S. market, and California began its harvest for the season chipping in another 8.8 million pounds. Those are robust numbers and will make January one of the top avocado-producing months of the year, yet the f.o.b. price is red hot.
The Del Rey Avocado senior leadership team and business partners Bob Lucy and Bob Siemer announced the transition of leadership of the company to the next generation Jessica Hunter (Siemer’s daughter) and Patrick and Donny Lucy (Lucy’s sons). Lucy and Siemer will remain active in industry and will serve on the company’s board of directors.
/PRNewswire/ Lykan Bioscience, an innovative contract development and manufacturing organization (CDMO) focused on cell-based therapies, today welcomes Jay.