Mission Produce sees Q1 avocado industry volumes up 10%

The company said, “Avocado industry volumes in the fiscal 2026 first quarter are expected to increase by approximately 10% versus the prior year period, driven by a larger Mexican crop in the current harvest season. Pricing is expected to be lower on a year-over-year basis by approximately 25% compared to the $1.75 per pound average experienced in the first quarter of fiscal 2025, driven by higher supply conditions. The blueberries harvest season in Peru will peak during the first quarter. The Company expects to see volume increases from owned farms resulting from new acreage in production, which should translate to higher revenue, as average sales prices are expected to be flat to slightly higher. Profitability will continue to be impacted by higher costs resulting from lower projected yields per hectare in the current harvest season. For full year fiscal 2026, total capital expenditure is expected to be approximately $40 million.”