iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Avocado Prices Are Surging: Here’s How to Play It

Thanks to a smaller than expected crop in Mexico and California, avocado prices have been surging.

Prices are more than double from last year and the highest in 19 years.

Amerifats loves guacamole and have been consuming it on an industrial scale. Blame the shit dealers at CMG for this causation. But U.S. consumption of avocados has gone from 3.5lbs in 2006 to 6.9lbs in 2015.

The evil Mexicans control this market — accounting for 82% of the supply into Burgerville, USA. Shipments have gone apeshit over the past two decades, from just 24 million pounds in 2000 to 1.76 billion in 2015.

Haas avocados retail in the US for $1.27, up from .98 last year.

There are two stocks that are considered ‘pure play’ avocado.

One is LMNR — but they’re very small.

The other is CVGW. Revenues and profits have been matching the stock price in recent quarters — shooting higher.

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25 comments

  1. heckler

    They were selling them 10 for $10 today so I snatched a couple to add to the rotation!

    Seems like cashews are expensive though?

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    • tradercaddy

      What’s with cashew milk?
      I saw it in the store next to almond milk and was wondering what it tasted like.

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    • cancel19

      Heckler, go to an Aldi store and you can find excellent cashews at a very low price.

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  2. tradercaddy

    Just bought 2 avacados yesterday @ .79 each.
    Not organic, sustainable, free range, grass fed, hormone and antbiotic free or whatever but I’m sure I’ll live.

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    • ironbird

      Never fear. They got a orange plastic bottle full of poison pills to deal with any “side effects”. Then another. And another. And another. Snake oil gone all out Mad Hatter. When in doubt go see a “Doctor”.

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  3. moosh

    There is a guy in my office that eats half an avocado for lunch every day. That, and a microwaved potato – plain, and seperately – get that shit!

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  4. mx2101

    off topic- A bumblebee has staked out my front porch. It’s a common eastern bumblebee. It stalks me and challenges me when I go out there I held up my phone for a photo, it backs up then comes back and poses. Insane. This bee has a “WTF are you doing here, pal” attitude.

    No doubt my girlfriend will give it a name and try to pet it.

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    • moosh

      You are screwed. Some people get a tennis racket and bomb that bitch to Haitis, but that bee has networked friends everywhere and they don’t forget.

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  5. moosh

    I guess we are all shorting avocados now? Fuck em, they are all slimy and go rotten very quickly. Plus they taste like nothing.

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  6. heckler

    Dude avacados are cheap as shit. Where are you getting these data, Fly?

    If I were you I’d open up a can of fucking WD40 on that bumblebee’s ass. You gotta get homeopathic on these bitch ass pests.

    Never fuck with the marketed stuff it’s all a fraud

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    • Dr. Fly

      The god damned spot market you actual ape.

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      • The Maven

        This clownass just likes to hear himself spew lately’ makes Froggie sound almost sane. Looks like about three hours spent on this alone.

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  7. el rey de cucamonga
    el rey de cucamonga

    Much insider buying going on. CEO making big bets.

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  8. ironbird

    Avocados have always been a con. Watch Cali go full Lost Mexicans soon. The black community will be getting their jobs back along with other Americans. Bring it. Make Mexicans Mexicans Again. Bye Bye.

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  9. oilerua

    best discussion in a while on ibankcoin

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  10. dae42

    Is Exodus down this morning?

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