All posts tagged commodity price

How avocadoes became the poster fruit for climate change and unprepared risk managers

avocado

It’s being called an avocado-pocalypse. With rising prices, increased knowledge of the burdens both to farmers and to the environment of farming water intensive crops, and the impacts of the changing environment on all industry sectors, it is time to kiss the guac good-bye? Are avocadoes the tipping point in consumers waking up to the effects of climate change in their day-to-day regime, or are they the poster fruit for businesses and investors with their heads in the sand about the extent of weather risks in their portfolio? Any way you peel them, avocadoes are bringing attention to the contributors, risks, and mitigation strategies risk managers need to consider today.

They are calling it an avocado-pocalypse. Prices of the extremely trendy green fruit have sent shockwaves through hearts (and wallets) around the world. Recently touted as one of the world’s healthiest food, full of heart-healthy monounsaturated fatty acids, potassium and vitamins B and E, avocados are no longer just the humble base for guacamole. Nowadays, they are spread on toasted bread, replace cheese in a variety of recipes, and are even incorporated into beauty routines as a moisturizer. It all got a bit too much for even the most ardent avocado fans when a video went viral earlier this year demonstrating how to prepare the (inedible) seeds for consumption.

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