Agave Prices are Finally Normalizing, Here’s What that Means for the Industry

Dear Client: Agave prices have been historically high in recent years, driven by increased production and the trend towards 100% agave tequila. Now it seems that agave prices are finally normalizing.  Indeed, prices have been hovering between 28-31 pesos/kg for the last four years, but more recently TasteTequila.com estimates have noted prices have fallen to 16 pesos/kg and will likely drop as low as 5 pesos/kg in the medium term, according to a recent Bernstein note.  Tequila is a major