Avocado watch: Prices surge 34% this week, most in a decade

Avocado watch: Prices surge 34% this week, most in a decade
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[Ed. – Well, somebody takes Trump seriously on his threat to close the border.]

A gauge of Mexican avocado prices is surging the most in almost a decade as buyers weigh the latest rhetoric from Donald Trump on his threat to close the border with Mexico, the biggest supplier of the fruit.

The Hass price from Michoacan, the heartland of Mexico’s avocado production, jumped 34 percent on Tuesday. That would be the biggest one-day gain since April 13, 2009. Prices will keep rising if Trump makes good on his threat, said Roland Fumasi, vice president and senior analyst at Rabobank.

“Avocado prices could easily double or triple if we shut down the border,” Fumasi said by telephone.

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