Dipping into Guacamole

by Mr Juggles

I'm an avacadvocateAvocado. A crucial good for delicious sushi rolls, salads, and the king of mole, guacamole. Avocado crops were partially destroyed by the San Diego fires.

More than 20,000 acres of avocado trees in northern San Diego County have been lost, at least a third of the state’s crop, with another 15,000 acres threatened by flames, emergency officials said.

State farmers usually plant about 62,000 acres of avocados, and the industry is worth about $276 million annually, said state Department of Agriculture spokesman Jay Van Rein.

Recommendation: The hysteria may be dying down, but we think it’s still a great time to go long Avocado. For those who don’t want exposure to the latin snacks market, it would be appropriate to hedge avocado exposure (guacamole) with a short salsa position. We advise buying avocados on, or in, any dip.

Hat tip to reader Terminal Value

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