Mexico Governor Says Mexico, U.S. Reach Deal To Restart Avocado Inspections; U.S. Avocado Exports To Restart With Inspections
Portfolio Pulse from Benzinga Newsdesk
Mexico and the U.S. have reached an agreement to restart avocado inspections, allowing U.S. avocado exports to resume. This development is expected to positively impact companies and ETFs related to avocado production and trade.
June 24, 2024 | 5:42 pm
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POSITIVE IMPACT
Mission Produce Inc. (AVO) is likely to benefit from the resumption of U.S. avocado exports following the agreement between Mexico and the U.S. to restart inspections.
Mission Produce Inc. (AVO) is directly involved in the avocado market. The resumption of U.S. avocado exports will likely boost their business operations and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The iShares MSCI Mexico ETF (EWW) may see a positive impact as the resumption of avocado exports is likely to benefit the Mexican economy and related industries.
The resumption of avocado exports is a positive development for the Mexican economy, which could positively impact the iShares MSCI Mexico ETF (EWW).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) is unlikely to see a significant impact from the resumption of U.S. avocado exports, as it is a broad market ETF.
The SPDR S&P 500 ETF Trust (SPY) is a broad market ETF, and the resumption of U.S. avocado exports is not expected to have a significant impact on its performance.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 10