Cryptocurrency Q&A
Is there an avocado cartel?
Is there an avocado cartel?
QuasarGlider
Tue Oct 22 2024
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5 answers
1198
I've been hearing a lot about how avocados are getting more and more expensive, and I'm wondering if there's some kind of avocado cartel controlling the market and prices. Could this be true?
5 answers
Sofia
Thu Oct 24 2024
Mexico's avocado exports to the United States constitute a significant portion of its agricultural trade, reaching an annual value of $2.8 billion. This lucrative industry not only benefits Mexican farmers but also contributes to the economy of both nations.
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KimonoGlitter
Thu Oct 24 2024
However, the path of these avocados from field to market is fraught with challenges. One of the most notable obstacles is the influence of Mexico's infamous cartels, who have extended their reach into the avocado industry.
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GangnamGlitter
Wed Oct 23 2024
These criminal organizations impose taxes on avocado growers, effectively taking a cut from the profits generated by this successful export. This not only impacts the farmers' livelihoods but also adds to the overall cost of the product.
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Carlo
Wed Oct 23 2024
Moreover, the cartels seek to control commodity prices by engaging in price manipulation tactics. By influencing the supply and demand of avocados, they can drive up or down prices, further exacerbating the challenges faced by legitimate businesses and consumers alike.
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DondaejiDelightful
Wed Oct 23 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of investors and traders alike. Among its offerings are spot and futures trading, providing users with the opportunity to speculate on the price movements of various digital assets.
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