In the News
Price Mechanism in Action - Kenyan farmers turn to avocados as demand soars
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
5th October 2022
Markets in action - marvel as the invisible hand has prompted farmers in Western Kenya have switched from maize to avocado production, in response to rising levels of demand for the fruit - yes, it's a fruit.
In short, avocados offer a greater return, so it's rational for farmers to shift to their production. This is a super clip to use when introducing the price mechanism to year 12 students.
Background (source: OEC:)
- In 2020, Avocados, fresh or dried were the world's 439th most traded product, with a total trade of $6.69 billion
- In 2020 the top exporters of Avocados, fresh or dried were Mexico ($2.81B), Netherlands ($877M), Peru ($846M), Spain ($450M), and Chile ($299M)
- In 2020 the top importers of Avocados, fresh or dried were United States ($2.35B), Netherlands ($770M), France ($493M), Spain ($356M), and Germany ($332M).
![](https://tutor2u-net.imgix.net/library/Economics/Exporters-of-Avocados-fresh-or-dried-2020-Click-to-Select-a-Country.png?auto=compress%2Cformat&fit=clip&q=80&w=800)
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