For weeks the avocado industry has blamed rain and bushfires for Australia's summer shortage, which has seen wholesale prices double, retail prices spike to $7 per fruit, and avocado rationing. But ...

As a result, you can now buy an avocado at an Australian grocer for just 1 Australian dollar, or about 70 cents in American currency. That’s less than half some US prices for the creamy green fruit.

Australia is set to produce a record number of avocados this year, and that number is forecast keep growing. For this reason, prices are likely to stay low for consumers for the next five years. Once ...