Monday, August 28, 2017

Chipotle, Restaurants Suffer As Avocado Prices Surge

Beleaguered Mexican-food chain Chipotle Mexican Grill Inc.'s profitability might be severely impacted in the near-term due to the recent surge in avocado prices, prompting bearish Chipotle speculators to load up on short positions. Avocado prices have surged 75 percent since the start of July amid disappointing harvests in Mexico and California.

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