Mission Produce, Inc. (AVO) is anticipating a significant increase in avocado production from its Peruvian farms during the second half of fiscal 2026, expecting to harvest between 120-130 million pounds, a rise from 105 million pounds in fiscal 2025. This growth is expected to improve the company’s earnings contribution, especially in the fourth quarter. Additionally, the transition from Mexican avocado sourcing to more from Peru could enhance profitability and per-unit margins.
Despite a projected 15% decline in third-quarter avocado prices year-over-year due to increased industry supply, Mission Produce forecasts consolidated adjusted EBITDA of $84-$88 million for the second half of the fiscal year. The anticipated rise in Peruvian production is a key factor in this outlook, which aims to offset pricing pressures in the market.
In the first half of fiscal 2026, Corteva, Inc. (CTVA) and Dole plc (DOLE) are also experiencing upturns in volume, with Dole reporting a 33.8% increase in adjusted EBITDA for its Fresh Produce segment attributed to higher avocado volumes in North America, while Corteva benefits from increased adoption of Crop Protection products in Brazil, supporting overall growth.
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