Local News

Global avocado trade expected to grow in an increasingly competitive market – Rabobank report

Published

1 year ago

18 May 2023

JeffG

Global avocado trade expected to grow in an increasingly competitive market – Rabobank report

The global avocado trade will continue to grow in the next few years, but the market will be more competitive, forcing operators to be not only more efficient, but also increasingly sustainable, according to a new report by agribusiness banking specialist Rabobank.

In the report Global Avocado Growth Far From Over, Rabobank says world avocado production expanded by a compound annual growth rate (CAGR) of approximately seven per cent over the past decade.

For Australia, the report says, avocado production grew at a CAGR of nine per cent over the same period.

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The primary drivers of expansion in key regions over this period were “attractive prices and returns”, according to Rabobank global strategist – Fresh Produce, Farm Inputs, Cindy van Rijswick, with the “health halo” of avocados a major drawcard for consumers around the world.

“As a nutrient-dense fruit, avocados are an excellent source of vitamins, minerals and mono-unsaturated fats,” the report says. “The significant growth in trade comes as no surprise given that avocados are also an incredibly versatile superfood that are used in many different cuisines.”

The report says production in Mexico – the world’s largest avocado producer which currently accounts for 30 per cent of global avocado supply – grew by a CAGR of approximately six per cent over the past decade. In Colombia (which accounts for 12 per cent of global avocado production), Peru (nine per cent) and Kenya (six per cent), production increased by a CAGR of approximately 15 per cent,12 per cent and 11 per cent respectively over the same period.

On the other hand, the report says, the US, which was still among the world’s largest avocado-producing countries in 2012, dropped a few places in the ranking and is no longer a top 10 global producer.

“Increased avocado production in countries with complementary harvesting seasons has allowed year-round availability in key markets, including the US, the EU and some markets in Asia, the report says. “While production in Mexico extends year round, it reaches a seasonal low in June and July, when production peaks in the US (California) and Peru, providing a steady supply to the US market.”

Mexico remains leading exporter

Ms van Rijswick said Mexico, with its avocado exports increasing at an average annual growth rate of around eight per cent over the past decade, reaffirmed its place as the largest avocado-exporting country in the world, surpassing one million metric tons in 2022.

The report says the primary destination for Mexican avocado exports is, by far, the US market, where product versatility and promotional campaigns have helped to create demand for avocados in retail and foodservice channels.

Globally, the US remains the largest market destination for avocados overall, with imports increasing by a compound annual growth rate of approximately eight per cent from 2012 to 2022.

Among the next-largest avocado exporters, Peru, Spain and Kenya exports expanded by a CAGR of 22 per cent, six per cent and 15 per cent respectively between 2012 and 2022. These countries mainly supply the European market.

Behind the US, the largest avocado importers between 2012 and 2020 were the Netherlands, Spain and France, Rabobank says. Over this period, import volumes into these countries increased by a CAGR of 14 per cent, 20 per cent and eight per cent respectively.

USD 18 billion global market

The report says the estimated global commercial market value of fresh avocados was approximately USD 18 billion in 2022. And the bank sees substantial opportunity for further growth.

“We believe there is room for significant growth in several markets around the world, as per capita consumption is highly variable,” Ms van Rijswick said.

In terms of per capita ‘avocado availability’ (which is used as an indicator of consumption), Mexico leads, the report says, with a global record of some nine kilograms of fresh avocados per person per year, followed by Chile with almost eight kilograms.

Australia and the US are also towards the top of the list of countries consuming the most avocados per person – with both recording ‘consumption’ of more than four kilograms per capita per year.

The report says sustainability concerns remain on the agenda for avocado producers around the globe, with water usage the main issue. Partly because of this, avocado growers have been investing in advanced irrigation systems to improve water efficiency, it says.

Australia

For Australia, the report says, there was a 35 per cent increase in export volumes of avocados in 2022, rising to more than 11,000 metric tonnes.

This was evident in key export regions, according to Rabobank associate analyst Pia Piggott, where Australia increased market share in Singapore to 73 per cent, Hong Kong to 25 per cent and Malaysia to 62 per cent.

“The weaker Australian dollar also supported Australia’s competitiveness against its peers, with prices rising six per cent to a FOB (free on board) export price of AUD 5.02 per kilogram,” she said.

Ms Piggott said this export market growth had come at a time when the Australian avocado industry had been experiencing local oversupply, with domestic retail prices in 2022 averaging AUD 1.61 a piece, 32 per cent below the five-year average.

“The Australian avocado industry has been experiencing a period of volatility as it learns to cope with the growing pains of increased supply in the market,” she said.

Ms Piggott said retail prices for avocados in Australia had started out more strongly in 2023, with production from Western Australia lower due to ‘alternate bearing’ (the tendency of crops to produce larger amounts in alternate years).

“However prices have since come down, coinciding with the beginning of the Shepard variety avocado season,” she said. “And, with the Hass season beginning again this month, we expect increases in supply to further weigh on domestic prices.”

Ms Piggott said with plenty of production growth in Australian avocados expected in the next few years, “maintaining market share in key countries and developing new market access will be priorities to ensure sustainable returns for growers”.

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Local News

Why Travel Should Be an Essential Human Activity

Published

3 days ago

15 May 2024

Liam

Why Travel Should Be an Essential Human Activity

In our increasingly globalised world, travel is often seen as a luxury, an indulgence reserved for the few who can afford the time and expense. However, travel holds intrinsic value beyond mere leisure, playing a crucial role in personal development, cultural understanding, and even mental health. Travel should be considered an essential human activity, integral to our development as individuals and as a society.

Expanding Perspectives

One of the most profound benefits of travel is its ability to expand personal perspectives. Encountering places that differ from our home environment challenges our preconceived notions about the world and our place within it. It introduces us to new ways of living, thinking, and interacting, which can lead to greater empathy and understanding across cultural divides. This broadening of perspectives is not just beneficial on a personal level but is essential in developing global cooperation and peace.

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Enhancing Adaptability and Problem-Solving Skills

Travel often involves navigating unexpected situations, whether it’s dealing with a language barrier, finding your way in a new city, or managing different currency systems. These challenges require adaptability and problem-solving skills. Over time, travellers develop a knack for thinking on their feet and adapting to new circumstances quickly and efficiently. These skills are incredibly valuable in both personal and professional contexts, making individuals more capable and resilient.

Boosting Mental Health

The mental health benefits of travel are significant and well-documented. Breaking away from the daily grind can reduce stress and prevent burnout, which is increasingly common in our fast-paced, always-connected lives. Moreover, exposure to natural beauty—such as mountains, beaches, and forests—has been shown to boost mood and improve mental health. The stimulation of new experiences can also reignite creativity and passion, which are often stifled by routine.

Developing Human Connections

Travel connects us with people from all walks of life. These connections can be profoundly enriching, offering insights into the lives of others and forging bonds that often last a lifetime. Whether it’s a conversation with a local artisan about their craft or a shared meal with fellow travellers, these interactions deepen our understanding of humanity and the threads that connect us, despite our apparent differences.

Supporting Economic Development

From a practical standpoint, travel is a significant economic driver in many parts of the world. It supports local economies by creating jobs, promoting local crafts and cuisines, and fostering a better understanding among different cultures. For many communities, tourism is a primary source of income and a vital part of their economic stability. Responsible travel can help distribute wealth more evenly and support sustainable development.

Educational Value

Travel is profoundly educational, not just in a formal sense but in the everyday learning that comes from being in a new place. This type of education is experiential and immersive, teaching history, geography, sociology, and economics in ways that books and classrooms cannot match. For children and adults alike, travel can complement traditional education, providing real-world contexts to theoretical knowledge.

Preserving Cultural Heritage

When done respectfully, travel can play a crucial role in preserving cultural heritage. Tourists’ interest often helps fund the maintenance of sites of historical and cultural significance, which might otherwise deteriorate. Moreover, by appreciating different cultures, travellers can contribute to a broader respect and understanding of these traditions and histories, ensuring they are valued and preserved for future generations.

The Necessity of Accessible Travel

Recognising the importance of travel should also lead us to consider accessibility. Ensuring that people from all economic backgrounds have the opportunity to travel is essential. Programs that facilitate youth travel, scholarships, and affordable travel options can help make the benefits of travel accessible to more people. Moreover, improving accessibility for travellers with disabilities is also crucial, ensuring that travel is truly inclusive.

Conclusion

Travel is much more than an escape from everyday life. It is a vital human activity that enriches our lives in countless ways, from personal growth and mental health to economic benefits and cultural preservation. As the world becomes more interconnected, the importance of travel as a tool for understanding and cooperation cannot be overstated. By promoting and facilitating travel, we can foster a more informed, connected, and empathetic world. Thus, travel should not only be considered essential but encouraged as a fundamental aspect of human activity.

For more travel news, click here.

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Local News

Top Romantic Getaways to Explore with Your Partner

Published

3 days ago

15 May 2024

Liam

Top Romantic Getaways to Explore with Your Partner

Planning a holiday with your partner can be an exciting endeavour, especially when it involves discovering new places together. From charming beach retreats to cosy mountain hideaways, the world is full of romantic destinations. Here are some of the most enchanting top romantic getaways to consider for your next couple’s escape with your partner.

Santorini, Greece

With its whitewashed buildings, stunning sunsets, and crystal-clear waters, Santorini is the epitome of romance. This island in the Aegean Sea offers breath taking views from cliff-top villages like Oia and Fira. Couples can enjoy a sunset cruise, indulge in gourmet dining with a view, or simply relax on the volcanic beaches. The unique blend of natural beauty and luxurious accommodations makes Santorini a top choice for a romantic getaway.

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Kyoto, Japan

Kyoto, once the capital of Japan, is a city of serene beauty, making it perfect for couples who appreciate culture and tranquillity. The city is renowned for its classical Buddhist temples, as well as gardens, imperial palaces, and traditional wooden houses. Strolling through the Arashiyama Bamboo Grove or enjoying the cherry blossoms in Maruyama Park can be magical experiences. For an unforgettable evening, dine at a riverside restaurant in Pontocho, where you can savour traditional Kyoto cuisine.

Paris, France

No list of romantic destinations would be complete without mentioning Paris. Known as the “City of Love,” Paris is ideal for couples looking to immerse themselves in a city rich with history, art, and romance. From the iconic Eiffel Tower to the charming cafes of Montmartre, there is no shortage of romantic spots. Couples can enjoy a leisurely boat ride on the Seine, visit the Louvre, or simply enjoy a croissant at a sidewalk cafe.

Venice, Italy

Venice is a fairy-tale city built on water, offering a unique romantic experience. The best way to explore is by getting lost in its labyrinth of alleys and canals. A gondola ride through these waterways, under the stone-arched bridges, makes for an iconic romantic activity. Be sure to visit Piazza San Marco, enjoy a coffee at the historic Caffè Florian, and admire the stunning views from the top of the Campanile.

Banff, Canada

For couples who love the great outdoors, Banff National Park in Alberta is a perfect destination. The park offers some of the world’s most breath taking wilderness scenery. Couples can explore its numerous lakes, such as the famous Lake Louise, and enjoy activities like hiking, skiing, or relaxing in natural hot springs. Staying in a cosy cabin or a luxurious resort, Banff provides a wonderful mix of adventure and relaxation.

Maldives

The Maldives is synonymous with luxury romantic travel. This tropical paradise offers stunning overwater bungalows, pristine beaches, and crystal-clear waters. Couples can snorkel or dive among vibrant coral reefs, enjoy spa treatments, or simply relax on the private deck of their villa. The Maldives is ideal for those looking to escape to a secluded, intimate environment.

Cape Town, South Africa

Cape Town is a vibrant city that offers a mix of cultures, cuisines, and landscapes, making it an exciting destination for couples. You can visit the picturesque Cape Winelands, enjoy a cable car ride to the top of Table Mountain, or explore the historic Robben Island. The city’s stunning beaches and vibrant nightlife also provide plenty of opportunities for romantic outings.

Florence, Italy

Florence, the birthplace of the Renaissance, is a city that oozes romance through its art, architecture, and ambiance. Couples can explore the Uffizi Gallery to see some of the world’s most famous artworks, stroll through the Boboli Gardens, or climb to the top of the Duomo for spectacular city views. The charming streets of Florence are perfect for evening walks followed by a dinner featuring Tuscan cuisine.

Queenstown, New Zealand

Queenstown is a dream destination for adventurous couples. Set against the dramatic backdrop of the Southern Alps, it’s known for its adventure sports and stunning scenery. Couples can enjoy bungee jumping, jet boating, or skiing, depending on the season. For a more relaxed experience, take a scenic cruise on Lake Wakatipu or sample some of the excellent local wines.

Bruges, Belgium

Bruges, with its medieval architecture and picturesque canals, feels like a scene from a romantic movie. Couples can explore the city on a canal boat tour, sample Belgian chocolates and waffles, or simply wander through cobbled streets and market squares. The peaceful atmosphere of Bruges makes it a perfect getaway for couples seeking a slower-paced vacation.

Conclusion

Choosing the right destination can turn a simple holiday into an unforgettable romantic journey. Whether you’re seeking adventure, relaxation, culture, or just a change of scenery, these destinations offer a wealth of experiences that can cater to any couple’s interests. Remember, the most important part is enjoying the time spent with each other, discovering new places, and making memories that will last a lifetime.

For more travel news, click here.

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Lismore News

Saffin secures one-off grant for Thistles’ shower cubicles project

Published

3 days ago

15 May 2024

Liam

Saffin secures one-off grant for Thistles’ shower cubicles project

LISMORE MP Janelle Saffin has helped secure a one-off grant towards Lismore Thistles Soccer Club Incorporated’s project to construct and install six lockable shower cubicles at its East Lismore clubhouse.

Ms Saffin, who championed the club’s priority project, thanked NSW Minister for Sport Steve Kamper MP for approving the $15,710 (ex GST) grant under the NSW Government’s 2023-24 Project Support Program recently.

Ms Saffin said Thistles would engage a local contractor to build the six cubicles – three for home teams and three for away or visiting teams – promoting safe and diverse participation for girls and women.

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“The fact that the club owns this site rather than leases it from Lismore City Council has meant they do not qualify for infrastructure repairs or rebuilds under normal disaster funding arrangements,” Ms Saffin said.

“Thistles is a very proactive club but having its clubhouse and fields located in a low-lying area, has meant that it has had to wear the costs of fixing damage caused by the devastating floods of February and March 2022.

“This is one of those small sporting infrastructure projects which will make a big difference to players.

“I thank club officials for their innovative and inclusive approach, particularly Grants Officer Dr Pascal Scherrer.”

Lismore Thistles Soccer Club President Tina Cotroneo said: “This grant is going to make such a difference for players having their own space to shower and relax after a game in a more private environment!

“Our goal at Thistles is to provide a fun, safe and enjoyable sporting environment that encourages all members to reach their full potential.

“This grant supports our efforts to encourage inclusion, provide a safe sporting environment and foster the growing participation of women and girls in football.

“Thank you again to all involved in the process.”

For more sports news, click here.

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