“There’s just not enough supply out there,” David Maloni, president of the American Restaurant Association, told the Wall Street Journal.
» Queso is coming to Chipotle next week: 5 things to know
The shortage of avocados could also impact prices at popular fast food chains like Chipotle, which spends 10 percent of its food costs on avocados, according to Credit Suisse.
More than 77,000 retailers sell avocados in the U.S., according to the Hass Avocado Board. Millennial households are more likely to buy avocados and spend more on avocados than non-millennials. Millennials spend 22 percent or more per occasion.
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