Avocado prices jumped 50% in the past year, but Mission Produce stock is still plummeting toward its lowest prices since IPO
March 10, 2022 at 17:51 PM EST
Mission Produce Inc. executives said Thursday that prices for its main product, avocados, jumped by 50% from a year ago, a move that would typically mean booming revenue and profit for the fruit grower. That isn't what happened, though.
