For anyone that regularly eats avocados, it was all but impossible to ignore some recent price spikes of the little green dream. What you may not have noticed was that the prices quickly came back down to record lows following the spikes. This data set from the online data visualization series Makeover Monday (#MakeoverMonday on twitter) From the original writing by Oakridge Wealth Advisors:
Avocados Are Getting Expensive – Commodity Fact
A smaller than usual harvest of avocados in California and Mexico has elevated the price of avocados nationwide. California is the largest grower of avocados in the United States, while Mexico is the largest producer of the fruit worldwide. Avocados from the U.S. account for 7% of worldwide production, while Mexico supplies 32% of the world’s avocados. As a result, wholesale prices for the fruit have soared 75% since the middle of July, according to data from the Hass Avocado Board and the U.S. Department of Agriculture.
In addition to a poor harvest, a growing demand for the fruit has also added upward pressure on the price. There are seven varieties of avocados grown commercially in California, with the Hass variety as the most popular, accounting for roughly 95 percent of all avocados grown.
To the left is the original data visualization.
And here is our makeover visualization: