Agave inflation or right pricing?
Agave prices in Jalisco just keep rising. Per a friend in the business blue agave in Jalisco is “27 (pesos/kilo) for good, mature, and ripe agave, 24/25 for unripe agave.” He also noted that it’s the rainy season now which is crimping supply. As he succinctly put it – “We’re all kinda fucked.” There is lots going on behind the scenes including efforts from larger producers to collectively stop purchasing agave in order to bring prices down but that effort appears to have stalled.
Meanwhile the price of Oaxacan espadín has remained stable at about 11 pesos/kilo and the universe of certified states just controversially grew by three so we can only expect much more mezcal to start appearing soon. Also, we are seeing more destilados de agave appearing on the market, which is a continued response to the DO and certification processes.
For more on the history of this story check out our previous posts on agave prices.