It might be too dramatic to say that the avocado has had a rags to riches career over the last few decades, but it’s not an exaggeration to note its meteoric and unprecedented volume growth in that time frame.
Virtually everyone agrees that the current cult status of the avocado and its ever-increasing popularity was impossible to predict and a very pleasant surprise. At least almost everyone.
Calavo Growers, Inc. (NASDAQ:NASDAQ:CVGW) Q3 2022 Earnings Conference Call September 1, 2022, 5:00 PM ET Company Participants Julie Kegley - Investor Relations Brian Kocher - President and.
After months and months of stratospheric FOB pricing on avocados, big volumes were available in the U.S. market in July leading to much lower prices with promotional opportunities expected to stretch far into the future.
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Calavo Growers Inc. is anticipating a significant increase in the number of avocados it handles from Peru this summer as its source has seen a jump in production.
“All of our Peru supplies come from one ranch in Viru, Peru,” said Rob Wedin, executive vice president of sales for Calavo Grown. “Our 2022 Peru program represents a 75 percent increase over 2021.”