Food and Beverage Sector Ideas

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Calavo - >>> Avocado Seller Erases Two-Month Gain After Mexico Tariff Threat


Bloomberg

By Catherine Larkin

May 31, 2019


https://www.bloomberg.com/news/articles/2019-05-31/avocado-seller-erases-two-month-gain-after-mexico-tariff-threat?srnd=premium


President Donald Trump’s threat to impose tariffs on all Mexico imports helped wipe out two months of share gains for leading avocado seller Calavo Growers Inc.

Calavo fell 6.6% to its lowest level since April 3, just after Trump’s threats pushed Mexican avocado prices higher. The Santa Paula, California-based company has four plants in Mexico and about 20 in the U.S. Its Calavo Foods guacamole business produces the “overwhelming majority” of its products in Uruapan, Mexico, according to its annual report. Calavo didn’t immediately return a voice-mail message before normal business hours on Friday.


<<< Bad News For Brunch: Avocado Prices Jump After Trump Tariff Threat


Bloomberg

By Alfred Cang

May 31, 2019


https://www.bloomberg.com/news/articles/2019-05-31/avocado-seller-erases-two-month-gain-after-mexico-tariff-threat?srnd=premium


Avocados, berries and asparagus -- some of the ingredients favored by American millennials for a perfect brunch -- just got more expensive thanks to Donald Trump’s latest salvo on Mexico.

The U.S. President rattled global markets by imposing a 5% tariff on Mexican goods and threatening to increase it to 25%. The lower rate will take effect on June 10 and won’t be lifted “until such time as illegal migrants coming through Mexico, and into our country, STOP,” Trump said in a Twitter post. Mexico, the biggest buyer of American corn, said it doesn’t want a trade war and won’t retaliate until the countries discuss the issue.

Price of Mexican fruit surge amid Trump's threats

Prices of avocado, a fruit that’s seen sales surge worldwide in recent years on growing popularity with the younger crowd, have almost doubled in the past two months amid Trump rhetoric about a possible border closing with Mexico, which is also a major mixed berry and asparagus supplier to the U.S.

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