Posts tagged "Avocados"

Hedge Fund Viking Invests in Battle to Keep Avocados Ripe Longer

[1 August/Bloomberg] Viking Global Investors led a $70 million fundraising round for Apeel Sciences. Apeel Sciences is a California startup that uses food waste and other plant material to delay the aging of fruit and vegetables. It has raised a total of USD110 million. Avocados treated by its solution stay ripe twice as long and...

Price of avocados down slightly after hitting record high

[17 July/Stuff] The price of avocados dropped for the first time this year, from their record of $25 per kilogram. Avocado prices tended to fall around June each year. An avocado production shortage inflated the prices to around $25.30 per kilogram earlier this year. The increased price led to one restaurant taking guacamole of its...