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Ripe for disruption: A new type of avocado has emerged

Ripe for disruption: A new type of avocado has emerged

Ripe for disruption

It’s big news for brunch enthusiasts: agricultural scientists at the University of California have unveiled their latest development, the product of more than 50 years of selective breeding — a new variety of avocado.

Trademarked as the ‘Luna UCR’, but known officially as the BL516, the Luna is the great-granddaughter of the Hass avocado, the world’s most popular variety, and has been bred to offer consumers high storage quality, excellent ripening, and, of course, great taste and texture.

However, when pitted against the Hass, the Luna is reported to have a few notable advantages for growers. Its smaller tree size allows for denser planting, yielding more fruit per meter, as well as minimal pruning and efficient harvesting. The global effects of climate change have also meant that the Hass’ intolerance to extreme heat (did you know that avocados can get sunburn?) and sensitivity to pests could make the hardier Luna a promising option for farmers.

Since the early 2000s, the US market has seen demand for avocados boom, with availability tripling from over 2 pounds per person in 2001 to more than 8 pounds per capita in 2021 — that’s 20 years of seeing millennials making more avocado toast and buying fewer houses.

To satiate our appetite for the fruit, the US relies heavily on imports, since domestic avocado production and acreage have slowly declined since 2011. Indeed, imported avocados now account for 90% of supply in the US — with the overwhelming majority of those coming from Mexico, a trade that’s worth some $3.1bn a year.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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