Prices for avocados, the Australian favourite topping on toast for breakfast, are expected to stay under control this year.
Growers have been increasing production to fill local demand with Australia’s avocado crop about to hit $1 billion in value for the first time, according to industry estimates.
Growers are expecting a record harvest of about 75,000 tonnes, up from 65,992 last year, says the industry group Avocados Australia.
Last year’s crop brought in about $920 million in retail dollars. A record this year would see the retail value exceed $1 billion.
Actual consumption of avocados is greater than production.
Avocados are also imported from New Zealand for part of the year to meet Australian domestic demand.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.