Avocado Glut Swamps Australia as Lockdowns Keep Brunchgoers Away
- Drop in demand comes amid record avocado crop in Australia
- Markets like Hong Kong, Japan, Singapore soak up some supply
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Australia is swimming in avocados thanks to bumper harvests and months of stay-at-home orders that have kept people away from cafe brunches.
Once considered a symbol of lavishness on the brunch menu, avocado prices in Australia more than halved from around A$3 ($2.21) a piece to around A$1 this year -- a trend that looks set to stay.