Processors and wholesalers have started stockpiling the prized fruit used in guacamole or as spread on toast.
are now affecting what some might argue is the softest spot in bilateral relations -- avocados.
Cinco de Mayo commemorates the 1862 Battle of Puebla in which Mexican troops defeated invading French forces and is celebrated all over the United States, but in Mexico the day is mainly celebrated in Puebla. That is some 10 times the value of avocados it buys from the rest of the world and more than 10 times what the United States currently produces, Gro Intelligence data shows."Even those very, very vague threats are enough to scare wholesalers and processors that are relying on consumers," Oliva said."If there is a border shutdown, they will have to circumvent the border and pay an extreme premium.
David Magana, a senior analyst specializing in food and agribusiness at Rabobank, said he had observed a 44 percent jump in the price of avocados over the past week, and that it could go higher still.
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